What is the sale price at kitchen hut

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Reference no: EM132070842

On March 8, 2015, Leon’s Kitchen Hut bought a set of pots with a $131 list price from Lambert Manufacturing. Leon’s receives a 30% trade discount. Terms of the sale were 2/10, n/30. On March 14, Leon’s sent a check to Lambert for the pots. Leon’s expenses are 15% of the selling price. Leon’s must also make a profit of 13% of the selling price. A competitor marked down the same set of pots 28%. Assume Leon’s reduces its selling price by 37%. a. What is the sale price at Kitchen Hut? (Do not round intermediate calculations. Round your answer to the nearest cent.)

Reference no: EM132070842

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