Question: A wholesaler purchases widgets for $ 8 per unit from the manufacturer and sells it to retailers who then sell to consumers. The wholesaler marks

A wholesaler purchases widgets for $8 per unit from the manufacturer and sells it to retailers who then sell to consumers. The wholesaler marks up by 20% on the retailer purchase price, while the retailers mark up by 25% on the wholesaler selling price. Here, the correct markup chain for calculating retail selling price to the consumer is:
Group of answer choices
$8*(1+20%)*(1-25%)
[$8/(1-20%)]*(1+25%)
$8/(1-20%)/(1+25%)
$8*(1+20%)/(1-25%)
[$8*(1-20%)]*(1+25%)

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