Question: The usual retail price of an item is 100 The

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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  • CreatedSeptember 19, 2013
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