By Dr. John T. Drea, Western Illinois University
Calculating Markup
lRingo Boot Manufacturing produces a pair of medium quality boots for $45, and marks up each pair 10% before selling them to a wholesaler.  The wholesaler’s markup is 20% before selling the boots to a retailer.  The retailer marks the boots up 50% before selling them to the consumer. lWhat is the selling price for the manufacturer, wholesaler, and retailer?