Initial markup is based on original value,while maintained markup is based on actual prices received for merchandise sold.

Name: Initial markup is based on original value,while maintained markup is based on actual prices received for merchandise sold.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Initial markup refers to the difference between the original cost and the initial selling price, while maintained markup is the difference between the cost and the actual selling price after any discounts or markdowns.

Initial Markup Is Based on Original Value,while Maintained Markup Is