Jane Westerlund owns a small retail picture frame store in a local strip mall. She just bought 10 picture frames from a promising woodworker for $36 each. Based on market conditions, she planned to sell them for $100 each. Recently, however, sales have been a bit slow. Jane decides to reduce the price for the frames to $80. What is her maintained markup in dollar terms?
A) $100
B) $20
C) $44
D) $64
E) $0

Question

Quizplus · Accepted Answer

Maintained markup is the difference between the selling price and the cost of goods sold. In this case, the cost of goods sold is $36 per frame, and the selling price is $80 per frame. Therefore, the maintained markup is $80 - $36 = $44.

Jane Westerlund Owns a Small Retail Picture Frame Store in a Local