We see that markup % on selling price=(Selling Price-Cost)/Selling Price=1-Cost/Selling Price
Hence, Selling Price=Cost/(1-Markup%)
So, Retailer selling price=5/((1-20%)*(1-10%)*(1-30%))=9.92
What is the retailer's selling price if the manufacturer's cost is $5.00 and the manufacturer has...
1.1. Elkins, a manufacturer of ice makers, realizes a cost of $300 for every unit it produces. Its total fixed costs equal S10 million. If the company manufactures 500,000 units compute the following: a. unit cost markup price if the company desires a 15% return on sales c. Rol price if the company desires a 20% return on an investment of $1 million 1.2. A consumer purchases a coffee maker from a retailer for S150. The retailer's markup is 25%,...
Shown below is the channel of distribution for a lawn care product branded as "Green Machine", a new 36", self- propelled, battery-driven lawn mower. Manufacturer Wholesaler Retailer Consumer $ per unit Cost ($) Markup ($) Selling Price ($) $600 Note: the figures in the table above are in "dollars per unit." • Retailer's markup policy: 60% on selling price • Wholesaler's policy: 40% on cost • Manufacturer's variable costs per unit: $55.00 • Market potential for this new mower is...
. 4. Channel Markups: (always solved using formula based on selling price – MU r ) . A manufacturer sells a $17.00 item to the wholesaler for $22.00. The wholesaler in . turn sells it to the retailer for $28.00 and the retailer sells it to the public for $33.00. . What is the markup at each level? What does the consumer pay for the item? Man. level = 23% Wholesale level = 21% Retail level = 15% Consumer pays $33.00 So I know these answers are...
kayak for A sporting goods retailer purchases items to sell in his store. He purchases 1.2 a $250 and sells it for $625. Determine the following: a. dollar markup b. markup percentage on cost . markup percentage selling price c. on 1.3 A consumer purchases a bicycle from a retailer for $150. The retailer's markup is 40%, and the wholesaler's markup is 15 % , both based on selling price. For what price does the manufacturer sell the product to...
#1 The manufacturing costs, all variable, for a product are $1.50 per unit. Wholesaler margins are 50 per cent and retailer margins are 75 per cent (both calculated as a percentage of their respective selling prices). The manufacturer wants to make a minimum of $100,000 profit over and above fixed costs of $50,000. What will be the minimum retail selling price if the manufacturer produces only 10,000 units? _________________________________________________ #2 Brilliance Toothpaste sells at retail for $1.50 per tube. The...
The selling price of a television is $1,700 and the cost to the retailer is $425. What is the retailer's gross profit from the sale of the television? A. $0 B. $425 C. $1,275 D. 1,700
1. A lawnmower manufacturer has a unit cost of $140 and wishes to achieve a margin of 30% based on selling price. If the manufacturer sells directly to a retailer who then adds a set margin of 40% based on retail selling price, determine the retail price charged to consumers. 2. A firm is able to sell 25,000 units at $ 10 per piece. The company fixed cost is $50,000. Variable cost is $5 per unit. a. What is...
Marketing by the Numbers Exercise Set One Now that you've studied pricing, break-even, and margin analysis as they relate to Connect Phone's new-product launch, use the following exercises to apply these concepts in other contexts. 1.1 Sanborn, a manufacturer of electric roof vents, realizes a cost of $55 for every unit it produces. Its total fixed costs equal $2 million. If the company manufactures 500,000 units, compute the following: a. unit cost b. markup price if the company desires a...
1-A retailer pays a wholesaler $24.00 for an item and then sells it with a 25 percent markup. What is the retailer's selling price? 2-A college "marketing club" printed 1,000 "We're Number 1" bumper stickers for sale at $3.00 each as a fund-raiser. Its fixed costs were $500, and the variable cost for each sticker was $.50. What is the club's average cost? 3-If a firm's total fixed cost is $400,000 and its fixed cost contribution per unit is $10,...
price setting: wire solution manufacturing cost for shoe rack: black: $2.80 chrome: $3.60 selling retail in the $9.95-$19.95 range administrative overhead cost: $95,000 per year sales value per year $3.6 million Pricing setting Wire Solutions case in text Manufacturing cost $3.60 chrome shoe rack $2.80 black shoe rack Selling retail in the $9.95-$19.95 range Administrative overhead $95,000 per yearl Sales value per year $3.6 million (show all your work) 1. If wire solution took a 30 % markup on the...