A Kitchen Cabinet Maker Wants to Establish a List Price

question 78

Short Answer

A kitchen cabinet maker wants to establish a list price for a standard cabinet so that the selling price gives a trade discount of 10% of the list price.If he makes a markup of 20% of the selling price,and his cost is $144,what list price should he charge?

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Definitions:

Yacht Industry

The sector of the economy that is involved in the design, construction, and sale of yachts, ranging from luxury to small racing models.

Tax Burden

The measure of taxes that an individual or entity must bear, often expressed as a percentage of income or GDP.

Government Programs

Initiatives and services provided by the government, funded by government revenue, to meet public needs.

Import Quota

A government-imposed limit on the quantity or value of a particular product that can be imported into a country over a specified time period.