Within a given distribution channel, the following information is available concerning trade margins and costs. A wholesaler has a unit selling price of $32 and a unit cost of $18. The retailer requires a 30% markup on selling price. The manufacturer has unit variable costs of $8. Calculate the retailer selling price... Round your answer to the nearest dollar.

Within a given distribution channel, the following information is available concerning trade margins and costs. A wholesaler has a unit selling price of $32 and a unit cost of $18. The retailer requires a 30% markup on selling price. The manufacturer has unit variable costs of $8. Calculate the retailer selling price... Round your answer to the nearest dollar.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter5: Buying The Necessities

Section: Chapter Questions

Problem 20AA

See similar textbooks

Similar questions

A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is p= 200-0.05D where p is the price per unit in dollars and D is the demand per month. The company is seeking to maximize its profit. The fixed cost is $15000 per month and the variable cost is $50 per unit. a. What is the number of units that should be produced and sold each month to maximize profit? b. What is the domain of profitable demand during a month? Show your spreadsheet.
Calculate the price per unit if quantity sold is 34 units and the revenue generated out of it is $1500
Help me plzz
A company produces and sells a consumer product and is able to control the demand by varying the selling price. The approximate relationship between price and demand is 2700 5000 p = 38 + (for D>1) D² The company is seeking to maximize its profit. The fixed cost is $1,000 and the variable cost is $ 40 per unit. What is the number of units and total amount that should be produced and sold each month to maximize profit?
Find the total revenue generated if price is $30 and output sold is 66 units
XYZ company can manufacture their own products and sells them. They are able to control the demand by changing the price that is determined by the equation below. The company is thinking of maximizing their profit. The fixed cost is $1,000 per month and the variable cost is $40 per unit. Find the number of units that must be manufactured and sold monthly to maximize profit. (Demand D in the equation is monthly) Hint: Profit = Total Revenue - Total Cost 2,700 5,000 p = $38 + D for D > 1 D2 1 Add file
Only typed answer
A restaurant has a steady annual demand for 885 bottles of California wine. It costs $3 to store 1 bottle for 1 year, and it costs $7 to place a reorder. Find the optimum number of bottles per order. The optimum number of bottles per order is. (Type a whole number.)
A company has established that the relationship between the sales price for one of its products and the quantity sold per month is approximately p=85-0.2D (D is the demand or quantity sold per month and p is the price in dollars). The fixed cost is $1,500 per month and the variable cost is $20 per unit produced. a. What is the maximum profit per month for this product? b. What is the range of profitable demand during a month?
help please Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Find output of total revenue is $6400 and the price per unit is 400
Define markup amount.