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Problem:

Within a given distribution channel, the following information is available concerning trade margins and costs. A wholesaler has a unit selling price of $875 and a unit cost of $493. The retailer requires a 50% markup on selling price. The manufacturer has unit variable costs of $313.

Required:

Calculate the manufacturer's percent markup on cost. Report your answer as a percentage and round to the nearest percent.

Explain in detail and provide step by step solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91147475

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