What is the selling price to the consumer on these financial accounting question? Vanguard Tools sells a product to a distributor for $40,and the distributor sells it to a retailer. The distributor'snormal markup (based on selling price) is 25%. Theretailer prices the item to consumers to include a 35%markup (also based on selling price). What is the sellingprice to the consumer?

Step 1: Define MarkupMarkup refers to the amount added to the cost price of a product or service to…

Answered: Vanguard Tools sells a product to a…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter23: Other Topics In Working Capital Management

Section: Chapter Questions

Problem 8MC

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What is the selling price to the consumer?? General accounting
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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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
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A manufacturer sells an item with a list price of $335 to a distributor. The distributor receives a trade discount of 35%, how much will the distributor pay for the item after the discount? Discounted price = $ (round to the nearest cent if necessary)
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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.
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