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Question 7.2.2: Find the list price of a Kohler kitchen sink that has a net ......

Find the list price of a Kohler kitchen sink that has a net cost of $243.20 after trade discounts of 20/20.

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Use a net cost equivalent. Start by finding the percent paid, using complements.


=.64 remains 1net cost equivalent2

 

Thus 64% of the list price was paid. Find the list price with the standard percent formula.

                             R     ×       B       =       P

64%   of list price   =   $243.20

or

B = \frac{P}{R} = \frac{243.2}{\mathbf{.64}} = $380 list price

The list price of the sink is $380.

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