Question: On May 8, 2019, Leon's Kitchen Hut bought a set of pots with a $111 list price from Lambert Manufacturing. Leon's receives a 30% trade

On May 8, 2019, Leon's Kitchen Hut bought a set of pots with a $111 list price from Lambert Manufacturing. Leon's receives a 30% trade discount. Terms of the sale were 2/10, n/30. On May 14, Leon's sent a check to Lambert for the pots. Leon's expenses are 29% of the selling price. Leon's must also make a profit of 17% of the selling price. A competitor marked down the same set of pots 12%. Assume Leon's reduces its selling price by 16%. a. What is Kitchen Hut's cost for the set of pots? (Round your answer to the nearest cent.) b. What is Kitchen Hut's original selling price? (Round your answer to the nearest cent.) C. What is the sale price at Kitchen Hut? (Round your answer to the nearest cent.) a. Cost b. Original selling price c. Sale price
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