Question

The outdoor furniture center buys wooden benches for $50 each. The furniture store owner adds a %200 markup to the cost of the bench. After hearing from customers that the selling cost of the bench 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 1

The answer is very simple: 

$50 multiplied by 2 (Cause it's 200%) equals to $100
$50 multiplied by 1,2 (Cause it's 120%) equals to $60
Then, you just do the substractions, so you get $40.

Hope I helped u