1. ## Calculating List Price

Guys I've started maths after a long time so having a few problems here.

I have a question,

A wholesaler wants to establish a list price for an item so that his selling price gives a trade discount of 10% for the list price. If he makes a mark up of 20% of this selling price and if his cost is $160 what list price should be established. Selling price = list price - selling price * 10% Cost = 160 Also selling price = 160 + 160 * 20% SP = 192 So we can solve the first eq: 192 = lp - (192 * 10/100) 192 + 19.2 = lp LP = 211.2 2. ## Re: Calculating List Price selling price = list price - list price*0.1 <--this is the correct equation. selling price = cost + cost*0.2 <-- he marks up his cost 20% to establish his selling price. SP =$192.

192 = LP - 0.1LP = 0.9LP

LP = 192/0.9 = $213.33 <-- this is the list price the wholesaler should establish. a 10% discount for this price is$21.33 off, for a sell price of \$192.

what you have done is calculate a 10% markup of his selling price.

3. ## Re: Calculating List Price

Thanks, yes. 213.33 .