Question: The XYZ Manufacturing Company is trying to set its price on a product that will sell at retail for $80. a. For retailers to earn

The XYZ Manufacturing Company is trying to set its price on a product that will sell at retail for $80.

a. For retailers to earn a markup of 25 percent, what should the wholesale price be?

b. For the wholesalers to earn a markup of 10 percent, what should the manufacturer’s price be?


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