How much does the wholesaler pay to the manufacturer

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Reference no: EM133711440

Problem

Monica's, a local record store, sells protective display boxes for treasured vinyl records for $49.39 each. Monica's prices these display boxes to earn a 31.0% markup on Monica's cost. The wholesaler who sells these display boxes to Monica's takes their own 23.0% markup on their own cost. The wholesaler buys the display boxes from a manufacturer in Canada. HOW MUCH DOES THE WHOLESALER PAY to the manufacturer for one of these display boxes? In other words, what is the wholesaler's cost?

Reference no: EM133711440

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