Question for smat solver only

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Retailers and wholesalers use traditional markups that they feel will yield a reasonable rate of profit.  Answer the following set of problems.

 

 

 

  1. 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).

     

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

       

    2. What is the wholesale price?_______________________________________

       

    3. What is the manufacturer’s price?___________________________________

       

What is the manufacturer’s markup percentage?_______________________

    • 9 years ago
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