Amanufacturer sells a product for $5 per unit to a wholesaler who sells it at a markup of 60%, based on manufacturer selling price. the retailer adds another $2 and sells the product to the consumer. what is the retailer’s markup?

a. 20%muc, 25%musp
b. 25%muc, 20%musp
c. 60%muc, 37.5%musp
d. 37.5%muc, 60%musp
e. none of (a-d) above

Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?