KidCo has produced a new remote operated drone for children. It costs KidCo $50 to produce and package each drone. KidCo sells the drone to various retailers (e.g., toy stores and discount stores), and sets the wholesale price to achieve a 75% markup “on cost”. 

If these retailers, in turn, calculate their price (to consumer) based on a 50% markup “on the retail price” how much will a consumer pay for the drone? 

Show your work. 

Answer rating: 100% (QA)

Lets break down these steps Step 1 Calculate the Wholesale Price with KidCos Markup on Cost KidCo... View the full answer