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This is a Marketing class What more information do you need? the questions are clear Pricing setting Wire Solutions- casein text Questions forthe case-Pleasereadthe case

This is a Marketing class image text in transcribed
What more information do you need? the questions are clear
Pricing setting Wire Solutions- casein text Questions forthe case-Pleasereadthe case and answerthe questions below (show all your work) If wire solutiontook a 30% markup on the manufacturing costs for the black shoe rack and a 1. 35% markup on manufacturing cost forthe chrome shoe rack what would the selling prices be for each? Giventhe sellingprices shown above. Inthis scenario, Wal-Mart elected to purchase the shoe 2. racks and they took a 40% markup on each shoerack what would the final customers (Wal-Mart consumers) pay for each shoe rack? 3. Since they are just startingthe consumer division, Wire Solutions may decide to focus onjust the chrome shoe rack because it appearsto be a better quality product. Let's assume a variable cost of $2.20 per chrome rack, and takingthe current 35% markup on manufacturing coststo calculate selling price outlinedinquestion #1, how many chrome shoe racks wouldthey need to sell to break even? 4. If wire solution sold directly to retailer andthey wanted the chrome shoe rack to sell for $9.99 in retail stores, what should they sell it to a retailerfor assumingtheretailers will take 45% markup? Calculate wire Solution markup percentagebasedthis selling price. Pricing setting Wire Solutions- casein text Questions forthe case-Pleasereadthe case and answerthe questions below (show all your work) If wire solutiontook a 30% markup on the manufacturing costs for the black shoe rack and a 1. 35% markup on manufacturing cost forthe chrome shoe rack what would the selling prices be for each? Giventhe sellingprices shown above. Inthis scenario, Wal-Mart elected to purchase the shoe 2. racks and they took a 40% markup on each shoerack what would the final customers (Wal-Mart consumers) pay for each shoe rack? 3. Since they are just startingthe consumer division, Wire Solutions may decide to focus onjust the chrome shoe rack because it appearsto be a better quality product. Let's assume a variable cost of $2.20 per chrome rack, and takingthe current 35% markup on manufacturing coststo calculate selling price outlinedinquestion #1, how many chrome shoe racks wouldthey need to sell to break even? 4. If wire solution sold directly to retailer andthey wanted the chrome shoe rack to sell for $9.99 in retail stores, what should they sell it to a retailerfor assumingtheretailers will take 45% markup? Calculate wire Solution markup percentagebasedthis selling price

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