Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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  1. An extremely unattractive suit sells for $500 retail and the retailer's margin % is 30% and the wholesaler's margin is 15%. What was the manufacturer's selling price?

 

 

   A 45% retail margin is what % mark up?

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  1. Target buys hand sanitizers from the wholesaler at $3 and sells them in their stores at $8.
    1. Find the original markup.
  2. Now, assume the hand sanitizers does not sell for $8 so the store has to reduce the price by 10%. Calculate the final selling price and the maintained markup.
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Follow-up Question
  1. Target buys hand sanitizers from the wholesaler at $3 and sells them in their stores at $8.
    1. Find the original markup.
  2. Now, assume the hand sanitizers does not sell for $8 so the store has to reduce the price by 10%. Calculate the final selling price and the maintained markup.
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