What is the most that it can spend to produce

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Reference no: EM132195678

Relax Co . manufacturers mattresses, and sells these to retail stores, such as Mattess Firm and Gallery Furniture. Relax Co. wants to develop a new gel-foam mattress that retailers can sell to consumers for $999. If retailers expect to earn a 50% markup (based on the retail price), and Relax Co. wants to earn a 75% markup-on-cost, what is the most that it can spend to produce (in materials and labor) each unit? please write down steps.

Reference no: EM132195678

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