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Black_prince [1.1K]
3 years ago
10

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?
Business
1 answer:
Juli2301 [7.4K]3 years ago
8 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
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Explanation:

<u>you can have</u>                           <u>savings</u>            <u>costs</u>            <u>net payoff</u>

no tree at all                                0                      0                     0

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1 pear tree                                $145                 $120                $25

<u>2 apple trees                           $260               $200                $60</u>

2 orange trees                         $180                $140                 $40

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