Question

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

Answer 1

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;