An appliance manufacturer produced a line of small appliances advertised to sell at $30 at retail. The
Fantastic news! We've Found the answer you've been seeking!
Question:
An appliance manufacturer produced a line of small appliances advertised to sell at $30 at retail. The manufacturer planned for wholesalers to receive a 20 percent markup, and retailers a 33 1/3 percent markup. Total manufacturing costs were $12 per unit. What did retailers pay for the product? What were the manufacturer’s selling price and percentage markup? |
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
Posted Date: