TopKnotch Mfg

question 6

Multiple Choice

TopKnotch Mfg.Co.has a production cost of $280.It sells its product to a wholesaler for $400.The wholesaler then sells the item to retailers for $500 and the retailers sell the item for $1,000.Which of the following is true about this markup chain?

• A)The wholesaler's markup is 25 percent.
• B)The manufacturer is taking a markup of 30 percent.
• C)The retailers' markup is 100 percent.
• D)None of these answers is correct.

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Definitions:

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Gatherings of individuals in a group aimed at discussing topics of mutual interest, sharing information, or working collectively towards a common goal.

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A seating arrangement where two people face each other directly, often used to facilitate direct communication or confrontation.

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The act of calming or reducing disputes or conflicts through various means.