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What is Kitchen Hut cost for the set of pots

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Question - On July 8, 2018, Leon's Kitchen Hut bought a set of pots with a $143 list price from Lambert Manufacturing. Leon's receives a 30% trade discount. Terms of the sale were 2/10, n/30. On July 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 11% of the selling price. A competitor marked down the same set of pots 31%. Assume Leon's reduces its selling price by 19%.

a. What is Kitchen Hut's cost for the set of pots?

b. What is Kitchen Hut's original selling price?

c. What is the sale price at Kitchen Hut?

Reference no: EM133060089

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