RPM manufactures racks for CDs. Costs are $13.90 per rack. A wholesaler buys CD racks from RPM at $24.80 each, then sells them at $36.30 to retailers. The retailer sells the racks for $45.60 each to consumers. If the wholesaler decides to drop their price to the retailer by $5/unit and the retailer maintains the same margin % calculated in the previous question, what will be the price to the end customer for the CD rack now?

How much $ in dollars?

Answer rating: 100% (QA)

First lets calculate the original margin percentage for the retailer Retail... View the full answer