Give it to Me Baby is a store that features memorabilia from the 1980s. On estimated net sales of $92,500 next year, the owner of Give it to Me Baby has a gross cost of goods sold of $48,000. Their maintained markup percentage should be:
A) 42.0 percent
B) 21.52 percent
C) 53.6 percent
D) 48.11 percent
E) 92.71 percent
Correct Answer:
Verified
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