Question

The outdoor furniture buys wooden benches for $50 each. The furniture store owner adds 200% markup to the cost of the bench. After hearing from the costumers 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

Answer 1

50 x 200% is $100 and 50 x 120% is $60. 100-60= $40 so $40 less per bench