What is the sale price at kitchen hut

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Reference no: EM131868757

On October 8, 2013, Leon’s Kitchen Hut bought a set of pots with a $126 list price from Lambert Manufacturing. Leon’s receives a 35% trade discount. Terms of the sale were 2/10, n/30. On October 14, Leon’s sent a check to Lambert for the pots. Leon’s expenses are 11% of the selling price. Leon’s must also make a profit of 10% of the selling price. A competitor marked down the same set of pots 25%. Assume Leon’s reduces its selling price by 16%. a. What is the sale price at Kitchen Hut? (Do not round intermediate calculations. Round your answer to the nearest cent.)

Reference no: EM131868757

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