Find the list price. Round to the nearest cent.
-Net cost $197; trade discount

Question

Quizplus · Accepted Answer

To find the list price, we need to divide the net cost by the complement of the trade discount. The complement of a trade discount of 11% is 100% - 11% = 89%. So, list price = net cost / (complement of trade discount) = $197 / 0.89 = $221.34831. Rounded to the nearest cent, the list price is $221.35. Therefore, the best choice is C, as it is the only option that is close to $221.35. Let the list price be x. The trade discount is 11ebb7d6_6d93_f733_ad4c_2975d54d850e_TB8285_11 or 11%, so the net price is 100% - 11% = 89% of the list price:
0.89x = 197
x = 221.34
Rounding to the nearest cent, the list price is $518.08.

Find the List Price