A DVD player that was originally priced at $399.95 and cost $215 is ultimately sold for $349.95. What were the reduction percentage and the maintained markup percentage on this DVD player?

Reduction percentage is 62.8%

Maintained markup percentage is 86%

Explanation:

Reduction percentage = (sales price - cost price) / cost price * 100 = (349.95 - 215) / 215 * 100 = 0.628 * 100 = 62.8%

Maintained markup price = (marked price - cost price) / cost price * 100 = (399.95 - 215) / 215 * 100 = 0.86 * 100 = 86%