General Electric won a bid to supply jet engines with a tota

General Electric won a bid to supply jet engines with a total list price of $600 million to China Airlines. Assuming a trade discount of 20 percent, what did General Electric receive?

Solution

total list price = $600 million

Discount on trade =20%

Percentage of Money recieved after discount = 100- 20 =80%

Total Money recieved after discount =600*80/100 = $480 million