Question: *******I NEED THE ANSWER TO #5 ONLY******** 3. For large retailers, the MSP represents their product cost, which they will markup to set the retail

*******I NEED THE ANSWER TO #5 ONLY********

*******I NEED THE ANSWER TO #5 ONLY******** 3.

3. For large retailers, the MSP represents their product cost, which they will markup to set the retail price. If the retailer has a target margin of 25%, what would the retail prices be for the brands in question 2? Retail Price Brand X $7.05 Brand Y $6.65 | 4. Many small retailers will buy through a wholesaler instead of buying direct from the manufacturer. Given the pricing policy for Brand X in question 2, what would be the wholesaler's selling price (WSP) if the wholesaler has a desired margin of 15%? 7 + 15% OF 7 7 + 1.05 = $8.05 If the retailer has a desired margin of 30%, what would the retail price be? 7 + 30% of 7 7 + 2.10 = $9.10 What volume discount would the manufacturer have to offer for the retailer to price at MSRP? 30% 5. Retailers may use some of the promotion allowance to offer special price promotions. If the retailer uses one-third of the allowance for price promotions, what would the average retail price be for Brand X in question 3? 3. For large retailers, the MSP represents their product cost, which they will markup to set the retail price. If the retailer has a target margin of 25%, what would the retail prices be for the brands in question 2? Retail Price Brand X $7.05 Brand Y $6.65 | 4. Many small retailers will buy through a wholesaler instead of buying direct from the manufacturer. Given the pricing policy for Brand X in question 2, what would be the wholesaler's selling price (WSP) if the wholesaler has a desired margin of 15%? 7 + 15% OF 7 7 + 1.05 = $8.05 If the retailer has a desired margin of 30%, what would the retail price be? 7 + 30% of 7 7 + 2.10 = $9.10 What volume discount would the manufacturer have to offer for the retailer to price at MSRP? 30% 5. Retailers may use some of the promotion allowance to offer special price promotions. If the retailer uses one-third of the allowance for price promotions, what would the average retail price be for Brand X in question 3

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