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The Nguyen Company sells beautiful oriental water fountains through wholesalers and retailers. They suspect that the retailer is taking an extra 15% more in markup
The Nguyen Company sells beautiful oriental water fountains through wholesalers and retailers. They suspect that the retailer is taking an extra 15% more in markup than they should but Nguyen Management cannot prove it. The retail selling price is $1199.99 and the manufacturing cost to the company is $425.00. The retail markup was 33 percent and wholesale markup was 20 percent.
What was the cost to the wholesaler?__________
What was the cost to the retailer? ____________
What percentage markup did the producer make?__________
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