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You have been asked to adhere to the initial and maintained markup percentages described in the following table: Initial Markup % Maintained Markup % 34%

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You have been asked to adhere to the initial and maintained markup percentages described in the following table: Initial Markup % Maintained Markup % 34% Merchandise Category Apparel Electronics Shoes 60% 54% 45% 33% 25% You have just received the first shipment from the largest vendor of unique jeans. The vendor pre-marks all items so that the merchandise can be put out to the selling flor quickly. At first glance, you wanted to ensure that the tags were correct. Here is how the invoice read: Costs Quantity Items Pre-washed Jeans Embroidered Patchwork Jeans Retail (on tag) $30.50 $43.75 200 100 $16.00 $17.50 After six weeks passed, you analyze the sales of pre-washed jeans. Of the original 200 units this is what she found: 50 units sold at the original retail 34 units sold at 38% markdown 116 units sold at 44% markdown What was the average maintained markup percentage? Did it meet your goals? Explain

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