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?
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%.