Answer:
$1.60
$2.88
Explanation:
To find the selling price of the distributor and the retailer, we first need to find how much the distributor sells each pack of cards.
To find the selling price we use the formula.
Selling Price = Cost + Markup
Cost = $0.80
Markup rate = 100% or 1
Selling Price = 0.80 + (0.80*1)
Selling Price = $1.60
So the distributor sells each pack of cards at $1.60 to the retailer.
Now to find the selling of the retailer, we need to use the selling price of the distributor.
Cost = $1.60
Markup rate = 80% or 0.80
Selling price = 1.60 + (1.60 * 0.80)
Selling price = $2.88
So the retailer sells each pack of cards at $2.88 to the customers.
To be honest I would do some research and look it up. Or if you have a text or some resources the teacher gave you I would reread those.
Signing executive hope this helps
They spent the winter of 1777-78 in Valley Forge
