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17 votes
17 votes
The value of a 2% trade discount is $165. How much is the list price? L = $______I have solved the problem but I want to see if I’m correct

The value of a 2% trade discount is $165. How much is the list price? L = $______I-example-1
User MoeinPorkamel
by
3.2k points

1 Answer

16 votes
16 votes

Step 1

Given;

Step 2

Thus;


\begin{gathered} Trade\text{ discount=rate}* list\text{ price} \\ list\text{ price=}\frac{Trade\text{ discount}}{rate} \end{gathered}

Thus,


list\text{ price=}(165)/(0.02)=\text{ \$}8250

Answer;


The value of a 2% trade discount is $165. How much is the list price? L = $______I-example-1
The value of a 2% trade discount is $165. How much is the list price? L = $______I-example-2
User Rorschach
by
2.3k points
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