A wholesale value is determined multiplying the list price of a piece of equipment or plant material by a multiplier determined by the discount rate. The multiplier is calculated as follows:
Multiplier = (100 - Discount Rate) / 100
For example, a 40 percent discount rate would have a .60 multiplier.
.60 = (100 - 40) / 100
Therefore, if a piece of equipment had a list price of $47.50, the wholesale value would calculate to $28.50.