What is the net price of an item if the 17.5% trade discount is equal to $32.44?
A) $381
B) $185
C) $153
D) $217
E) $92

Question

Quizplus · Accepted Answer

The net price is equal to the list price minus the trade discount. The trade discount is equal to 17.5% of the list price. Therefore, the net price is equal to the list price minus 17.5% of the list price.Let x be the list price. Then, the net price is equal to x - 0.175x = 0.825x.We know that the trade discount is equal to $32.44. Therefore, we can write the equation 0.175x = $32.44.Solving for x, we get x = $32.44 / 0.175 = $185.Therefore, the net price is equal to 0.825 * $185 = $153.

What Is the Net Price of an Item If the 17.5