SOLUTION: a profit of 30% was made on the selling price of a clock purchased at $140 after giving 20% trade discount and 20% cash discount .What is the list price?

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Question 1057951: a profit of 30% was made on the selling price of a clock purchased at $140 after giving 20% trade discount and 20% cash discount .What is the list price?
Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
Original cost 140
trade disc 20%: 28
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subtotal . . : 112
cash disc. 20% 22.40
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Net cost . . : 89.60
- 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0
Sold at a 30% profit:
89.60 = x-0.30x
89.60 = 0.70x
0.70x = 89.60
x = 89.60/0.70 Divide to get your selling price.