A manufacturer wishes to establish a retail list price of $ 6.00 on an item. The item will be sold via a wholesaler and retailers ( stores ). Retailers have a policy of obtaining a 40 % margin based on selling price. What price must the wholesaler sell the item for?

Answer rating: 100% (QA)

To determine the price at which the wholesaler must sell the item in order to accommodate the retailers desired margin we can work backwards from the retail ... View the full answer