Retail Math
posted by Tomika Davis .
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?

Never mind I will figure this out.
Respond to this Question
Similar Questions

computer science
Write a program that will input an item’s wholesale cost and its markup percentage. The program will output the item’s retail price. The program should repeat for several input values. For example, if an item cost is 5.00 and markup … 
math
If the store purchases an item at a wholesale cost of $3.50 per item, and it is sold at a retail value of $5.00 per item. What is the gross profit percentage of the item? 
math
If the store purchases an item at a wholesale cost of $3.50 per item, and it is sold at a retail value of $5.00 per item. What is the gross profit percentage of the item? 
math
A stationery retailer generally prices portable computers using a 30 percent markup. The retailer expects to sell 100 portable computers at the 30 percent markup. How many units would it have to sell at a 10 percent increase in price … 
MATH?!!?
a store sells ladders. . the retail price was a 40m percent markup over the manufacturer price. .a month later, the store reduced the retail price of the ladder by 25 percent What percent markup is the new retail price over the manufacturer … 
MATH(markup and markdown )
3.THE markdown percent for a camera is 20%.if the new retail price is RM250, find the old retail price. 
math
THE markdown percent for a shirt is 20%.if the old retail price was RM40,find the new retail price. 
math check answers
1. If the price of a new digital media player is $249.99 and the cost to the store that sells it is $150, what is the markup of this electronic item? 
Math
Assume that the retail price of the product is $85, the cost is $47, and the expenses are $13. Compute a new sale price using the formula for markdowns, assuming a 15 percent discount. This is what I did, but I don't know where to … 
Business Math
Working off an 22% margin, with markups based on cost, the Food Coop Club boasts that it has 5,900 members and a 245% increase in sales. The markup is 49% based on cost. What would be its percent markup if selling price were the base?