Question

At the end of the summer, a store marks down all the outdoor furniture 20%. A family bought 4 chairs that originally cost $102. How much was the cost of the 4 chairs?

Answer 1

$81.60

Explanation:

A 20% markdown means that the chairs were sold at 80% of the original cost.

Original cost = $102

markdown = 20%

Cost after markdown = original cost* (1-markdown)

Cost after markdown = 102 *(1 - 0.20)

= 102*0.80

= 81.6

Therefore, the 4 chairs were sold at a total cost of $81.60