The difference between the list price and the net price on a motorbike is $772. The rate of trade discount is 27%. What is the list price?
A) $$1,057
B) $2,859
C) $3,187
D) $981
E) $1,833

Question

Quizplus · Accepted Answer

The trade discount is 27% of the list price. If the discount amount is $772, then $772 = 0.27 * List Price. Solving for the List Price gives $772 / 0.27 = $2,859.

The Difference Between the List Price and the Net Price $$1,057 B) $2,859 C) $3,187 D) $981 E) $1,833

The Difference Between the List Price and the Net Price $$1,057
B) $2,859
C) $3,187
D) $981
E) $1,833