A local Barnes and Noble paid a $80.50 net price for each hardbound atlas. The publisher offered a 10% trade discount. What was the publisher's list price? (Round your answer to the nearest cent.) List price

A local Barnes and Noble paid a $80.50 net price for each hardbound atlas. The publisher offered a 10% trade discount. What was the publisher's list price? (Round your answer to the nearest cent.) List price

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A local Barnes and Noble paid a $80.50 net price for each hardbound atlas. The publisher offered a 10% trade discount. What was the
publisher's list price? (Round your answer to the nearest cent.)
List price
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Net price is the price of the product at which the customer buys it and the List price is the maximum price at which product can be sold.

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