Question 1: What is the difference between a distributor and a retailer?
Question 2: You work for Procter and Gamble (P&G). One of the brands you manufacture is Tide Detergent. It sells for $10 per bottle at the grocery store. Chens Enterprises Corp. is P&G's Canadian distributor, servicing retail establishments. Chens buys Tide for $6 and sells it for $8 per bottle. How much revenue does P&G receive for one year of sales, if Chens buys 10,000 units per month?
Question 3: How much is Chens' markup per unit in $?
Question 4: What is the retail markup in $?