A local college bookstore paid a net price of $12,500 for textbooks for the coming semester. The publisher offered a trade discount of 20%. The publisher's original list price was:

Question

Quizplus · Accepted Answer

The net price after a 20% discount is 80% of the list price. So, $12,500 is 80% of the list price. To find the list price, divide $12,500 by 0.80, which equals $15,625.

A Local College Bookstore Paid a Net Price of $12,500