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A manufacturer makes a product for $8 and adds a 25% profit on cost. The wholesaler then sells it for 33.33% markup based on retailer purchase price. The retailer marks it up by 25% on consumer purchase price and sells the product to the consumerwhat is the total channel markup in going from manufacturer's selling price to retailer selling price the $______________ difference between the two (round to two decimals where necessary )

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