At Lowe's, each contractor receives 5% discount for his purchases. A contractor building a deck for a customer pays $7144.89 for the material he bought. What is the list price of the material?

Question

Quizplus · Accepted Answer

If the contractor receives a 5% discount, he pays 95% of the list price, which means:
0.95x = 7144.89
x = 7144.89/0.95
x = 7520.94
Therefore, the list price of the material is $7520.94.

At Lowe's, Each Contractor Receives 5% Discount for His Purchases