The retail price for a wrinkle-reducing injection is 550, Ask an Expert

Economics

The retail price for a wrinkle-reducing injection is $550. Retailers buy directly from the manufacturer, who has a margin of 80 percent on their product. If the retailer margin is 40 percent, what is the manufacturer selling price to the retailer? What is the manufacturer’s cost for the product? For both the retailer and manufacturer, what is the dollar amount of gross margin (price minus selling cost is dollar gross margin)?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91876284

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