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A mattress company manufactures high-quality mattresses. In regards to producing the mattress, its fixed costs are $600,000 while its per unit variable cost is $300.
A mattress company manufactures high-quality mattresses. In regards to producing the mattress, its fixed costs are $600,000 while its per unit variable cost is $300. The retail price of the mattress is $2,000.
Using above information, complete the below statements, filling in your final, complete answer in the space/box provided to the right of the statement.
a.) If the retailer's mark-up on sales is 50%, the wholesaler sells the mattress to the retailer at a price equal to | |
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b.) If the retailer's mark-up on sales is 50%, the cost of a mattress for the retailer is equal to | |
c.) If the wholesaler's markup on sales is 30%, the manufacturer sells the mattress to the wholesaler at a price equal to | |
d.) If the wholesaler's mark-up on sales is 30%, the cost of a mattress for the wholesaler is equal to | |
e.) If the manufacturer wants to break-even, the number of mattresses it must sell is equal to | |
f.) If the manufacturer wants to break-even, its mattress sales must be equal to | |
g.) If the manufacturer wants to make a profit of $600,000, the number of mattresses it must sell is equal to | |
h.) If the manufacturer wants to make a profit of $600,000, its mattress sales must be equal to | |
i.) If the manufacturer wants to make a profit of $1,200,000, the number of mattresses it must sell is equal to | |
j.) If the manufacturer wants to make a profit of $1,200,000, its mattress sales must be equal to |
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