What is the list price of a sofa that has a net price of $1,119 and a trade discount of 26.7%?
A) $1,356
B) $1,418
C) $1,527
D) $1,744
E) $1,939

Name: What is the list price of a sofa that has a net price of $1,119 and a trade discount of 26.7%? A) $1,356 B) $1,418 C) $1,527 D) $1,744 E) $1,939
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The list price can be calculated by dividing the net price by (1 - trade discount rate). $1,119 / (1 - 0.267) = $1,527.

What Is the List Price of a Sofa That Has