(Answered) Shannons brewery has developed a super-premium craft beer

Management Studies

Shannon's Brewery has developed a super-premium craft beer to be marketed as Shannon's Irish Stout. The cost of production (brewing, canning, etc.) is about $4.19 per six pack. If Shannon's needs a 12% margin what will Shannon's price per six pack be to its distributor, Miller of Denton? Assume the margin is expressed as a markup based on cost. Compute your answer to the nearest penny.

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