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 will 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)$0

Question

Quizplus · Accepted Answer

The maintained markup is the difference between the retailer's cost and the final (not initial)selling price.Maintained markup = $80 - $36 = $44.

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