2
QuizMultiple Choice

Markups and Markdowns — Quiz

Question 2 • Grade 7 Mathematics

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

Answer
A
46 point 0 8 dollars
B
57 point 6 0 dollars
C
92 point 1 6 dollars
D
115 point 2 0 dollars

Explanation

First, mark up each chair by 60%: $36 × 1.60 = $57.60. During the sale, each chair costs 80% of that price: $57.60 × 0.80 = $46.08. Two chairs cost $46.08 × 2 = $92.16, so the correct choice is C, $92.16.

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