The manufacturing costs, all variable, for a product are $1.50 per unit. Wholesaler margins are 50 per cent and retailer margins are 75 per cent (both calculated as a percentage of their respective selling prices). The manufacturer wants to make a minimum of $100,000 profit over and above fixed costs of $50,000. 

What will be the minimum retail selling price if the manufacturer produces only 10,000 units?

Answer rating: 100% (QA)

Lets break down the problem step by step Calculate the manufacturers desired profit Manufacturers de... View the full answer