Question

The value of a 10.5% trade discount is $155. How much is the list price?L = $

Answer 1

Step-by-step explanation:

The list price is the sale price divided by the difference of 1 minus the result of discount divided by 100.

The formula is given below as

`\begin{gathered} L=(S)/((1-(D)/(100))) \\ Where, \\ L=listprice \\ D=DISCOUNT\text{ PERCENTAGE=10.5}\% \\ S=salesprice \end{gathered}`

By substituting the va;lues, we will have

`\begin{gathered} \begin{equation*} L=(S)/((1-(D)/(100))) \end{equation*} \\ L=(155)/((1-(10.5)/(100))) \\ L=(155)/(1-0.105) \\ L=(155)/(0.895) \\ L=173.18 \end{gathered}`

Hence,

The final answer is

`L=\text{ \$}173.18`