What is the list price of a stove if the net price is $900 and the trade discount rate is 40%?
To find the list price of the stove when the net price is $900 and the trade discount rate is 40%, we can use the following formula: List Price = Net Price / (1 – Trade Discount Rate) In this case, the trade discount rate is expressed as a decimal: Trade Discount Rate = 40% … Read more