Calculate the retailer’s cost if a retailer has a mark up

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You are the marketing manager for Herman Miller, the company that sells the Leaf Personal Light in the US. The product was designed by Yves Behar, an entrepreneur and sustainability advocate. It is cool to the touch, has adjustable intensity and consumes 40% less power than a compact fluorescent light bulb, while lasting eight times longer than conventional light sources. The product is aimed at a target of design-savvy consumers who are concerned about environmental sustainability. The company would like to expand operations and sell 20,000 units per year in [country x].

Calculate the retailer’s cost if a retailer has a mark up of 60% based on selling price. The selling price is $499. Show your work.

Reference no: EM13787969

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Calculate the retailer’s cost if a retailer has a mark up : You are the marketing manager for Herman Miller, the company that sells the Leaf Personal Light in the US. The product was designed by Yves Behar, an entrepreneur and sustainability advocate. It is cool to the touch, has adjustable intensity and cons..

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