A manufacturer sells a product for $5 per unit to a wholesaler who sells it at a markup of 60%, based on manufacturer selling price. The retailer adds another $2 and sells the product to the consumer. What is the retailer's markup?
a. 20%muc, 25%musp
b. 25%muc, 20%musp
c. 60%muc, 37.5%musp
d. 37.5%muc, 60%musp
e. None of (a-d) above
+5
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Home » Business » A manufacturer sells a product for $5 per unit to a wholesaler who sells it at a markup of 60%, based on manufacturer selling price. The retailer adds another $2 and sells the product to the consumer. What is the retailer's markup? a.