Walmart offers this Memory Foam Quilted Futon in Purple for $133.72 with free shipping. That's the lowest price we could find by $38 in any color. It features stainless steel legs, split seat and back, and measures 70" x 35" x 31".

Prefer another color? It's also available in Teal (pictured) for $134.10 with free shipping. Update: The price has dropped to $120.69.