Manufacturer distributed new smart thermostat system

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Reference no: EM132121016

A manufacturer distributed a new smart thermostat system through wholesalers and retailers. The retail selling price was $725 and the wholesale price $367. The manufacturers selling price was $184 and the manufacturing cost was $99. Using the selling price based method, determine the mark-up percentage for the manufacturer. Round up to the second decimal point.

Reference no: EM132121016

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