Kyle wants to purchases 20 prefilled decorated eggs to set up an egg hunt for his nephews and nieces. Each egg is priced at $500 and the store offers two different incentives
Incentives 1: purchase any set of 3 prefilled eggs for $12
Incentives 2: take 20% off your entire purchase
Determine whether incentive 1 or 2 offers a better discount. Find the discount amount. Round the answer to two decimal places as necessary.
To determine which incentive offers a better discount, we need to calculate the total cost of purchasing 20 prefilled decorated eggs with each incentive.
Incentive 1: If Kyle purchases the eggs in sets of 3 for $12, he would need to purchase 20 / 3 = 6 sets of eggs.
The total cost of purchasing the eggs using incentive 1 would be 6 * $12 = $<<6*12=72>>72.
Incentive 2: If Kyle takes 20% off his entire purchase, he would need to multiply the total cost of the eggs by 0.8 to get the discounted price.
The total cost of purchasing the eggs using incentive 2 would be $500 * 20 = $<<500*20=10000>>10000.
The discounted price with incentive 2 would be $10000 * 0.8 = $<<10000*0.8=8000>>8000.
Comparing the two options, we can see that incentive 2 offers a better discount because $72 is greater than $8000.
The discount amount with incentive 2 is $10000 - $8000 = $<<10000-8000=2000>>2000. Answer: \boxed{2000}.