What price did the wholesaler and retailer pay for the belts

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Reference no: EM133438048

Question: A belt manufacturer believes consumers will pay $25.00 for one its belts. The belts are first sold to a wholesaler who then sells them to a retailer. The manufacturer's markup to the wholesaler is 25%, and the wholesalers take a markup of 15% in selling to retailers. What price did the wholesaler and retailer pay for the belts. Use demand based pricing method to arrive at the prices.

Reference no: EM133438048

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