You are a large retailer for Men's designer shirts. Recently, Hugo Boss has increased what it charges the wholesaler by 20%. You know the wholesaler used to buy the shirts for $45 each. The wholesaler's margin was and will remain 28%, and you have a standard practice of taking a 35% margin. How much will you need to increase your retail selling price by in dollars to achieve the same margin?

 

Answer rating: 100% (QA)

Heres how to calculate the price increase needed to maintain your margin Step 1 Calculate the new wh... View the full answer