2
QuizMultiple Choice

Markups and Markdowns

Question 2 • DAEP - Math 7 A (20 DAY TERM)

Kitchen chairs are purchased wholesale for $36 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
$46.08
B
$57.60
C
$92.16
D
$115.20

Explanation

A 60% markup makes each chair cost $36 × 1.60 = $57.60 before the sale. A 20% markdown means customers pay 80% of that price, so each chair costs $57.60 × 0.80 = $46.08. Two chairs cost 2 × $46.08 = $92.16, which is choice C.

AI-written and checked against the verified answer.

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