Question

The value of a 2% trade discount is $165. How much is the list price? L = $______I have solved the problem but I want to see if I’m correct

Answer 1

Step 1

Given;

Step 2

Thus;

$\begin{gathered} Trade\text{ discount=rate}\times list\text{ price} \\ list\text{ price=}\frac{Trade\text{ discount}}{rate} \end{gathered}$

Thus,

$list\text{ price=}\frac{165}{0.02}=\text{ \ }8250$

Answer;