Question

Kitchen chairs are purchased wholesale for $36 by a discount furniture store. Then, the store marks up the chairs by 60 percent. The store has a special sale where all titems are marked down by 20 percent. How much would two chairs cost during the sale?

Answer 1

Explanation:

Starts at 36....marks up by 60%

36 + 0.60(36) = 36 + 21.60 = 57.60

now they mark it down by 20%

57.60 - 0.20(57.60) = 57.60 - 11.52 = 46.08

46.08 * 2 = 92.16

Answer 2

Ok, this is how I tackle these problems - 1) I evaluate what's happening in the problem. Chairs are being sold at a store on sale. 2) I write the problem out in stages as shown:
36 x .60 = 21.60 Calculate the markup of 60 percent.
36.00 + 21.60= 57.60 Add the markup to the original price.
57.60 x .20 = 11.52 Find the discount of 20 percent on the new price.
57.60 - 11.52 = 46.08 Subtract the discount from the new price.
46.08 x 2 = $92.16 Multiply the discounted price by 2 to find the price of 2 chairs.