SOLUTION: The outdoor furniture center buys wooden benches for $50 each. The furniture store owner adds a 200% markup to the the cost of the bench. After hearing from customers that the sel

Algebra ->  Finance -> SOLUTION: The outdoor furniture center buys wooden benches for $50 each. The furniture store owner adds a 200% markup to the the cost of the bench. After hearing from customers that the sel      Log On


   

Question 1018291: The outdoor furniture center buys wooden benches for $50 each. The furniture store owner adds a 200% markup to the the cost of the bench. After hearing from customers that the selling price 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 by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
200% markup on 50 = 100
120% markup on 50 = 60
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Difference. . . . . 40 dollars less with the lower markup