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1. Assume that Stuart Cellars incurs a cost of $10 per bottle of its Chardonnay. It marks up each bottle by 50% when selling to
1. Assume that Stuart Cellars incurs a cost of $10 per bottle of its Chardonnay. It marks up each bottle by 50% when selling to distributors. The distributors then mark up each bottle by 30% when selling to retailers. The retailers then mark up each bottle by 50% when selling to its customers. (a) What is the retail price paid by customers assuming no discounts? (b) What is the profit per bottle for each of Stuart Cellars, the distributor, and the retailer
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