Question

The Outdoor Furniture Center buys wooden benches for $50 each. The owner of the Outdoor Furniture Center sells the benches for a 120% markup. At the end of the season, the owner wants to sells all the benches that are in stock. He sells the benches for 20% off. What is the total price of a bench with the 20% discount plus a 5% sales tax?

Answer 1

Answer: $76

Explanation:

Answer 2

$76

Explanation:

The cost of the wooden benches = $50 each.

The owner of the Outdoor Furniture Center sells the benches for a 120% markup.

200 percentage of the cost of each of the wooden benches

= (200%/100 ×50)

= $100

We were told that the owner wants to sells all the benches that are in stock. He sells the benches for 20% off discount.

Then the 20% discount will be

( 20%/100 ×100) = $20

If he gives $20 discount then he sell at $80. That is ( $100-$20)

He also give a 5% sales tax

5% of $80 = (0.05×80)= $4

Then total cost = $80-$4)

= $76