The usual retail price of an item is $100. The manufacturers cost to produce the item is

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The usual retail price of an item is $100. The manufacturer’s cost to produce the item is $40. Retailers take a 50 percent markup and wholesalers take a 10 percent markup (markup is calculated on selling price, unless otherwise is indicated).

a. What is the retailer’s markup in dollars?______________________________

b. What is the wholesale price?_______________________________________

c. What is the manufacturer’s price?___________________________________

d. What is the manufacturer’s markup percentage? _______________________

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International Accounting

ISBN: 978-1260466539

5th edition

Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera

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Question Posted: Sep 19, 2013 05:14 AM

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The usual retail price of an item is $100. The manufacturers cost to produce the item is

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A Retailers Mark Up 5000 B Wholesale Price Retailers Cost Wholesale Price Retail Sale Price Retai...View the full answer

International Accounting

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