A retailer bought a collectible Precious Moments figurine for $26.She sets the initial selling price at $60.The final selling price was $52.What was the original markup?

Question

Quizplus · Accepted Answer

The original markup is the difference between the initial selling price and the cost price. 
Therefore, the original markup = $60 - $26 = $34. 
Since the final selling price is $52, the actual markup is $52 - $26 = $26. 
Thus, the discount given is $34 - $26 = $8, which is equal to approximately 13.3% of the original markup. 
Therefore, the best choice is D with a markup of $34.

A Retailer Bought a Collectible Precious Moments Figurine for $26