Galaxy Distributors sets its price equal to cost plus 40%. Recently, Galaxy Distributors charged a customer a price of $70 for an item. What was the cost of the item to Galaxy Distributors?
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- what is the selling price to the consumer accountWhat 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? Answer this question
- What is the selling price to the consumer?? General accounting1. A product is listed for wholesale at $100. It's sold to a supplier with a 20% mark-up, and then resold to a customer with an additional 50% mark-up. How much has the item been marked up from the wholesale cost?Melford Industries sells a product to a wholesaler for $52. The wholesaler applies a 30% markup based on selling price when selling to a retailer. The retailer then applies a 40% markup based on selling price to determine the final price to the consumer. What is the final selling price to the consumer? Help