A manufacturer distributed a new smart thermostat system, Operation Management

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A manufacturer distributed a new smart thermostat system

A manufacturer distributed a new smart thermostat system through wholesalers and retailers. The retail selling price was $725 and the wholesale price $367. The manufacturers selling price was $184 and the manufacturing cost was $99. Using the selling price based method, determine the mark-up percentage for the manufacturer. Round up to the second decimal point.

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Operation Management: A manufacturer distributed a new smart thermostat system

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