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Maritime Cellular purchases a BlackBerry smart phone model for $395 less trade discounts of 20% and 10%. Maritime overhead expenses are $59 per unit. (a)

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Maritime Cellular purchases a BlackBerry smart phone model for $395 less trade discounts of 20% and 10%. Maritime overhead expenses are $59 per unit. (a) What should be the selling price to generate a profit of $40 per phone? (b) What is the rate of markup on cost? (c) Draw the merchandising diagram for the selling price

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