On February 8, Leon’s Kitchen Hut bought a set of pots with a $124 list price from Lambert Manufacturing. Leon’s receives a 25% trade discount. Terms of the sale were 2/10, n/30. On February 14, Leon’s sent a check to Lambert for the pots. Leon’s expenses are 19% of the selling price. Leon’s must also make a profit of 18% of the selling price. A competitor marked down the same set of pots 24%. Assume Leon’s reduces its selling price by 38%.