On august 8 2014 leonrsquos kitchen hut bought a set of, Ask an Expert

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On August 8, 2014, Leon’s Kitchen Hut bought a set of pots with a $136 list price from Lambert Manufacturing. Leon’s receives a 30% trade discount. Terms of the sale were 2/10, n/30. On August 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 15% of the selling price. A competitor marked down the same set of pots 34%. Assume Leon’s reduces its selling price by 22%.

What is the sale price at Kitchen Hut?

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Financial Management, Finance

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