Monica is a manufacturer of handcrafted wooden signs. The variable cost of each wooden sign Monica produces is $$40.$ Monica sells her wooden signs to a wholesaler at a $50\%$ margin, who then sells the wooden signs to the retailer at an undisclosed markup$(\%).$ The retailer then adds a $30\%$ margin and sells the product to the consumer at $$160.$ Based on this information,

what is the markup $(\%)$ of the wholesaler?

Answer rating: 100% (QA)

Heres how to find the wholesalers markup percentage 1 Work backwards from the retail price We know t... View the full answer