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The value of a 2% trade discount is $160. How much is the list price? L = $_______
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The value of a 2% trade discount is $160. How much is the list price? L = $_______

The value of a 2% trade discount is $160. How much is the list price? L = $_______-example-1
User Dantebarba
by
3.9k points

1 Answer

6 votes
Answer:

L = $8000

Explanation:

Discount = 2% of list price

Discount = (2/100) x list price

160 = (2/100)L

160 = 0.02L

Divide both sides by 0.02

160/0.02 = 0.02L/0.02

L = $8000

User AbelSurace
by
4.2k points
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