Maintained markup percentage equals:
A) initial markup percentage - [(reduction percentage)(100 percent - initial markup percentage)].
B) (original retail price - cost)/original retail price.
C) initial markup percentage + [(reduction percentage)(100 percent - initial markup percentage].
D) (gross margin + alteration costs + reductions) / (net sales + reductions).
E) (percentage markup on selling price) / (100 percent - percentage markup on selling price).

Question

Quizplus · Accepted Answer

The maintained markup percentage can be calculated using the formula: initial markup percentage - [(reduction percentage)(100 percent - initial markup percentage)]. This formula takes into account the initial markup percentage and any reductions or markdowns that may have occurred, and calculates the maintained markup percentage.

Maintained Markup Percentage Equals