A local Barnes and. Noble paid a \( \$ 80.55 \) net price for each hardbound atlas. The publisher offered a \( 15 \% \) trade discount. What was the publisher's list price? Note: Round your answer to the nearest cent. List price

To find the list price, we start by recognizing that the net price is the result after applying the trade discount to the list price. If we let the list price be represented as \( P \), we have: \[ \text{Net Price} = P - (0.15 \times P) \] \[ 80.55 = 0.85P \] Now, solving for \( P \): \[ P = \frac{80.55}{0.85} \] \[ P \approx 94.76 \] So, the publisher's list price is approximately \( \$ 94.76 \). To round up the problem-solving, note that trade discounts are often used in book publishing, and understanding how to calculate them is crucial for retailers. By accurately applying these calculations, businesses can maintain healthy profit margins while still offering competitive prices to customers.