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 these 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) $80

Question

Quizplus · Accepted Answer

The maintained markup is the difference between the selling price and the cost price. Jane's cost price is $36, and her new selling price is $80. Therefore, the maintained markup is $80 - $36 = $44.

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