A manufacturer distributed a new smart thermostat system through wholesalers and retailers. The retail selling...
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Accounting
A manufacturer distributed a new smart thermostat system through wholesalers and retailers. The retail selling price was $732 and the wholesale price was $319. The manufacturers selling price was $173 and the manufacturing cost was $88. Use the cost based method to determine the mark-up percentages for the retailer. Round up to the second decimal point.
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