ts. Question 11 1 pts A manufacturer distributed a new smart thermostat system t

Question

ts. Question 11 1 pts A manufacturer distributed a new smart thermostat system through wholesalers and retailers. The retail selling price was $852 and the wholesale price was $383. The manufacturers selling price was $154 and the manufacturing cost was $92. Using the cost-based method use your work-sheet to determine the mark-up percentages for the manufacturer. Round up to the second decimal point. Do NOT enter dollar or percent signs. What is the mark up percentage for the manufacturer (cost based)? Previous Next

Explanation / Answer

Cost of manufacturer = 92

Manufacturer selling prices= 154

So mark up % for the manufacturer ={ (Selling Price-Cost Price)/Selling price}*100

{(154-92)/154}*100

40.26

I have not used any percentage or dollar sign here. Pl use it as per your need.

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