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Math Help - Calculating List Price

  1. #1
    Newbie
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    Oct 2011
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    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
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  2. #2
    MHF Contributor

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    Tejas
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    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.
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  3. #3
    Newbie
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    Oct 2011
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    Re: Calculating List Price

    Thanks, yes. 213.33 .
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