(Answered) Video game for young children

Management Studies

Problem: KidCo has produced a new video game for young children. KidCo sells the video games to various retailers (who, of course, will then sell to consumers). It costs $28 to produce and package each game. If KidCo prices the product in order to achieve a 60% markup "on cost" how much will retailers pay for the game? Be sure to support your response with specifics.

$39.20
$44.80
$46.67
$70.00

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