A Producer Makes an Item for $32 and Sells It

question 241

Multiple Choice

A producer makes an item for $32 and sells it with a 50 percent markup to a wholesaler. The wholesaler then applies a 20 percent markup. A retailer then uses a 60 percent markup. The final retail selling price is:

• A) $200.00.
• B) $73.60.
• C) $64.00.
• D) $80.00.
• E) Cannot be determined without stockturn information.

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Definitions:

Unionizing

The process of organizing workers into a union, a collective entity that represents them in negotiations with employers regarding wages, benefits, and working conditions.

Employee Meeting

A gathering or assembly of employees within an organization, often held to discuss company policies, objectives, strategies, or other work-related matters.

Union

An organization formed by workers to protect their rights and interests through collective bargaining.

NRLB

Likely refers to the National Labor Relations Board, an independent US government agency responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.