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?
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.
