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On August 8, 2014, Leons Kitchen Hut bought a set of pots with a $136 list price from Lambert Manufacturing. Leons receives a 30% trade
On August 8, 2014, Leons Kitchen Hut bought a set of pots with a $136 list price from Lambert Manufacturing. Leons receives a 30% trade discount. Terms of the sale were 2/10, n/30. On August 14, Leons sent a check to Lambert for the pots. Leons expenses are 15% of the selling price. Leons must also make a profit of 15% of the selling price. A competitor marked down the same set of pots 34%. Assume Leons reduces its selling price by 22%.
What is the sale price at Kitchen Hut?
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