An Item Cost a Manufacturer $4 to Produce

question 36

Multiple Choice

An item cost a manufacturer $4 to produce.It has a wholesale trade discount of 66% and a retail trade discount of 50%.The list price of the item is $15.Assuming the retailer sold the item for $12,the dollar gross margins received by the manufacturer,wholesaler,and retailer are respectively:

• A) $5.90, $2.40, $4.50.
• B) $4.50, $1.10, $2.40.
• C) $1.10, $2.40, $4.50.
• D) $1.40, $2.50, $7.50.
• E) $2.64, $2.40, $6.96.

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Definitions:

Southern Veto

The power exercised by Southern states or politicians to block legislation or actions they oppose, often related to civil rights or other social issues.

"Share Our Wealth" Movement

A program proposed by Senator Huey Long during the 1930s that aimed to reduce the nation's wealth inequality by distributing wealth more evenly amongst the American people.

Court-packing Plan

A controversial proposal by President Franklin D. Roosevelt in 1937 to increase the number of U.S. Supreme Court justices, aiming to obtain favorable rulings for his New Deal legislation.

CIO

Stands for Congress of Industrial Organizations, a federation of unions that organized workers in industrial unions in the United States and Canada from 1935 to 1955.