Haverty's Furniture bought a deluxe mattress for $530. The initial price on the mattress was $1100, but it was sold for $950. What were the initial and maintained markups, respectively?

51.8% and 44.21%

Explanation:

The computation is shown below:

Initial markup = (Original price - initial price) : (Original price)

= ($1,100 - $530) : ($1,100)

= $570 : $1,100

= 51.8%

And, the maintained markup is

= (Sale price - cost price) : (Sale price)

= ($950 - $530) : ($950)

= $420 : $950

= 44.21%

The markup always expressed in percentage forms