The maintained markup percentage is the percentage of the selling price that covers the cost of the item and contributes to profit. It is calculated as:
Maintained Markup Percentage = (Selling Price - Cost)/Selling Price * 100
Given:
Cost = $165
Selling Price = $390
Plugging in the values,
Maintained Markup Percentage = (390 - 165)/390 * 100
= 225/390 * 100
≈ 57.69
Therefore, the maintained markup percentage is approximately 57.69%.
A computer that costs Wal-Mart $165 to stock and that they normally sell it for $390. Wal-Mart wants to mark down the computer 30 percent. What is the maintained markup percentage?
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