Ask Question
22 November, 20:28

An antiques dealer buys a grandfather clock for $200. she sets the selling price at $350. when the clock doesn't sell after two months, she raises the price to $800 and moves the clock to her downtown store to appeal to a different market. the clock sells for $800 the next day. what is the maintained markup?

+2
Answers (1)
  1. 22 November, 20:34
    0
    Maintained markup refers to the gross profit that generated after changing the price of the product.

    Maintained markup = (Original retail - Reductions) - Cost of Goods Sold

    so, the maintained markup is

    ($350 + $ 800) - $200

    = $950
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An antiques dealer buys a grandfather clock for $200. she sets the selling price at $350. when the clock doesn't sell after two months, she ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers