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What percentage markup did the producer take

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Question: A producer distributed its riding lawn mowers through wholesalers and retailers. The retail selling price was $800, and the manufacturing cost to the company was $312. The retail markup was 35 percent and the wholesale markup 20 percent.

(a) What was the cost to the wholesaler? To the retailer?

(b) What percentage markup did the producer take?

Reference no: EM131678810

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