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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 38% and wholesale markup was 25%.
A.what was the cost to the wholesaler? B. what was the cost to retailer? C. what percentage markup did the producer make?
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