On July 8,2009, Leon's Kitchen Hut bought a set of pots with $120 list price from Lambert Manufacturing. Leon's receives a 25% trade discount. Terms of the sale were 2/10,n/30. On July 14,Leon's sent a check to Lambert for the pots. Leon's expenses are 20% of the selling price. Leon's must also make a profit of 15% of the selling price. A competitor marked down the same set of pots 30%. Assumer Leon's reduces its selling price by 30%
A. What is the sale price at Kitchen Hut? B. What was the operating profit or loss? --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Algorithm Geeks" group. To post to this group, send email to algogeeks@googlegroups.com To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/algogeeks -~----------~----~----~----~------~----~------~--~---
