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It Costs Custom Design, Inc

Question 153

Essay

It costs Custom Design, Inc., $10 to make a brass and copper candleholder. It sells the candleholder to a wholesaler for $16. The wholesaler sells the candleholder to a gift shop for $20. The gift shop prices the candleholder at $45. What was the markup on selling price for each member of this product's channel of distribution?

Correct Answer:

verifed

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Manufacturer $16 − $10/$16 = 3...

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