If the net price of a stove is $900 and the trade discount rate is 40 percent, the list price is:
$3,600, $2,250, $1,500, $1,260, $1,440
Solution:
Net price of a stove = $900
Trade discount rate = 40% = 40/100 = $0.40
Discount = 0.40x
Consider listed price = x
The listed price can be determined from the formula:
Discount = Listed price - selling price
0.40x = x - 900
⇒ x - 0.40x = 900
Solving for x, we get
0.60x = 900
x = $1500
Therefore, the listed price is $1500.
If the net price of a stove is $900 and the trade discount rate is 40 percent, the list price is:
$3,600, $2,250, $1,500, $1,260, $1,440
Summary:
If the net price of a stove is $900 and the trade discount rate is 40 percent, the list price is $1500.
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