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Furniture Madness Inci recently purchased 1,100 mattresses from a supplier for its big-box stores. The cost for these mattresses was $143,000, or $130 per mattress.
Furniture Madness Inci recently purchased 1,100 mattresses from a supplier for its big-box stores. The cost for these mattresses was $143,000, or $130 per mattress. Furniture Madness established the selling price on these mattresses at $226 each. The store manager noted that the mattresses were selling quickly and changed the selling price to $247 per unit. This made the price too high for customers and sales lagged. The manager then responded by reducing the selling price to $233. At the end of the summer, the manager set the price of the remaining mattresses at \$201. Not all mattresses were sold and all remaining units went to storage until the next season. When the next seasonstarted, the remaining mattresses were put on sale for $222 each. Calculate the per-unit (a) markup, (b) markup cancellation, (c) markdown, and (d) markdown cancellation. (a) Markup (b) Markup cancellation (c) Markupcancellation per unit (d) Markdown cancellation perunit
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