Mathematics help 01
• use $0.99 for your retail price (NOT $1.00)
• Handwritten only.I will collect papers at the beginning of class so if you want to follow along with your work while we review the answers, make a copy/scan/photo of your paper. No turnitin since documents are handwritten.
• As you begin your calculations, make sure to take all fixed costs and all variable costs into account. (there are other FC and VCs in addition to those from manufacturing).
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• Commissions paid to sales people are not based on retail price. We pay sales people based on the revenue they generate for our company (the manufacturer of the product). You will need to deduct both the retail margin and the wholesale margin from the retail price to calculate the manufacturer’s selling price.
• For Q#4, calculate profit impact for the market share given in the assumptions at the beginning of the exercise.
Product Code :Math01
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