Maintained markup in dollar terms and markup rate

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Question

Amy Schlumberger owns a small retail picture frame store. She just bought 10 picture frames from a supplier for $36 each. She decided to sell these for $100 each. Recently, however, sales have been a bit slow. Amy decides to reduce the price for the frames to $80. Calculate the following: her original markup, maintained markup in dollar terms, markup rate.

Reference no: EM133340646

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