Solve the problem.
-Lotoff's Fashion Corner received a new line of paisley ties that had a net cost of $29 each. If they were given a series discount of , find the list price.

Question

Solve the problem.
-Lotoff's Fashion Corner received a new line of paisley ties that had a net cost of $29 each. If they were given a series discount of  , find the list price.

Quizplus · Accepted Answer

We can use the formula for series discount to solve this problem:
List Price = Net Cost / (1 - Series Discount)
Plugging in the values given, we get:
List Price = 29 / (1 - 0.11) = 32.58
Therefore, the list price is $32.58, which is closest to answer choice D) $68.64 when rounded to the nearest cent.

Solve the Problem. -Lotoff's Fashion Corner Received a New Line of Paisley Ties