Need answer A manufacturer sells a product for $45 toa wholesaler, and the wholesaler sells it toa retailer. The wholesaler's normalmarkup (based on selling price) is 25%.The retailer prices the item to consumersto include a 33% markup (also based onselling price). What is the selling price tothe consumer?

To determine the selling price to the consumer, we need to calculate the price step by step based on…

Answered: A manufacturer sells a product for $45…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 10Q: If a retailer purchased inventory in the amount of $750, terms 2/10, n/60, returned $30 of the...

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A manufacturer sells a product for $45 to a wholesaler, and the wholesaler sells it to a retailer. The wholesaler's normal markup (based on selling price) is 25%. The retailer prices the item to consumers to include a 33% markup (also based on selling price). What is the selling price to the consumer? Answer this question
What is the selling price to the consumer?
A manufacturer sells a product for $45 to a wholesaler, and the wholesaler sells it to a retailer. The wholesaler's normal markup (based on selling price) is 25%. The retailer prices the item to consumers to include a 33% markup (also based on selling price). What is the selling price to the consumer?
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What is the selling price to the consumer on these financial accounting question?
Subject: general accounting
A wholesaler purchases widgets for $8 per unit from the manufacturer and sells it to retailers who then sell to consumers. The wholesaler marks up by 20% on the retailer purchase price, while the retailers mark up by 25% on the wholesaler selling price. Here, the retail selling price to the consumer is: O $12.00 O $12.80 All the other 4 answers are correct. $12.50 O $13.33
An automobile ski rack is sold to stores at a wholesale price of $38. If a store has a $23 markup, what is the retail price of the ski rack? Find the percent of the markup, to the nearest percent.
GENERAL ACCOUNTING
Runners has decided to purchase products with a list price of $708.60 and a trade discount of 10%. What is the amount of discount on the products? your answer(s) should be rounded to the nearest cent.
A wholesale firm made sales with the following list prices and trade discounts. Calculate the amount the firm will use to record each sale in the sales journal. A. List price of $1,700 and trade discount of 55 percent. B. List price of $1,300 and trade discount of 45 percent. C. List Price of $2,200 and trade discounts of 30 and 20 percent. (Round your answer to 2 decimal places.) A. Amount B. Amount C. Amount
A photographer buys some merchandise with a list price of $5,000. If the supplier offers trade discount rates of 20/15/10, find the trade discount (in $). (Find the single equivalent discount first.)

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