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Retailers and wholesalers use traditional markups that they feel will yield a reasonable rate of profit. Answer the following set of problems. 1. The usual retail price of an item is $100. The manufacturer's cost to produce the item is $40. Retailers take a 50 percent markup and wholesalers take a 10 percent markup (markup is calculated on selling price, unless otherwise is indicated). What is the retailer's markup in dollars?______________________________ What is the wholesale price?_______________________________________ What is the manufacturer's price?___________________________________ What is the manufacturer's markup percentage?_______________________
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Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment - Compensation and Benefits Paper
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