Posted by **Tomika Davis** on Saturday, September 14, 2013 at 1:36pm.

If an accessory department shows a gross margin of 53 percent and retail reductions amounting to 16 percent, what is the initial markup%?

I have calculate:

IMU%= (53% + 16%) / (100% + 431.25)

IMU% = 431.25% / 123.18%

IMU% = 350.09% x 100%

IMU%= 350.09 is the answer correct?

## Answer This Question

## Related Questions

- MATH?!!? - a store sells ladders. . the retail price was a 40m percent markup ...
- Math - Assume that the retail price of the product is $85, the cost is $47, and ...
- MATH(markup and markdown ) - 3.THE markdown percent for a camera is 20%.if the ...
- computer science - Write a program that will input an item’s wholesale cost and ...
- math - If the store purchases an item at a wholesale cost of $3.50 per item, and...
- math - If the store purchases an item at a wholesale cost of $3.50 per item, and...
- math - A stationery retailer generally prices portable computers using a 30 ...
- math check answers - 1. If the price of a new digital media player is $249.99 ...
- Business Math - Working off an 22% margin, with markups based on cost, the Food ...
- math - THE markdown percent for a shirt is 20%.if the old retail price was RM40,...

More Related Questions