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:

Marion Petrie

A researcher known for her work on sexual selection, particularly regarding the role of peacock tail feathers in attracting mates.

Sexual Selection Model

A theoretical construct that explains how certain traits are favored because they increase an individual's chances of reproductive success.

Direct Benefits

Advantages that directly affect an individual's survival or reproduction, typically gained through mate choice or specific behaviors.

Indirect Benefit

Advantages gained by an individual from choosing a particular mate that affect the genetic quality of their offspring rather than providing immediate gains.