The outdoor furniture center buys wooden benches for $50 each. The furniture store owner adds a 200% markup to the cost of the bench. After hearing from customers that the selling cost of the bench is too high, the owner changes the markup to 120%. How much less per bench does the store owner make with the lower markup?

Question

Raphael

7 August, 07:44

+3

Answers (1)

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Trevin Ortega · Answer 1

200% of $50 is $100 (200/100 x 50) = 100.

120% of $50 is 120/100 x 50 = 60

So the owner makes $40 less (100-60) with the lower markup