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What is clover keep calm and drink coffee mug retail price

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Reference no: EM132600990

Question 1: Clover is a manufacturer of coffee cups. Recently Clover's 'Keep Calm and Drink Coffee" mug has been selling exceptionally well. The cost for Clover to manufacture and package the coffee mug is $2/unit, and the selling price to the wholesaler is $6/unit. You know that the wholesaler's margin is 25%, and that retailers typically take 35% margins on such novelty mugs. What is Clover's 'Keep Calm and Drink Coffee" mug retail price rounded to the nearest whole number?

A: 5

B: 12

C: 8

D: 9

Reference no: EM132600990

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