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KidCohas produced a new transformers toy for young children.  It costs KidCo$19 to produce and package each...

KidCohas produced a new transformers toy for young children.  It costs KidCo$19 to produce and package each toy. KidCosells the game to various retailers (e.g., toy stores and discount stores), and sets the wholesale price to achieve a 75% markup “on cost”.  If these retailers, in turn, calculate their price (to consumer) based on a 50% markup “on the retail price” how much will a consumer pay for the toy?  Show your work. (Hint: make sure that you understand the difference between “markup on cost” and “markup on retail.”)  5 points

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Cost Markup on cost Wholesale price Markup on Retail Retail price 19 75% 33.25 50% 66.5 104 Cost Mirkup nei Wholesale price Markup on Retail price Retail price 19 0.75 -D4 (1+D5) 0.5 -D6/D7 7

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