Nature Garden Center buys lawn mowers that list for 679.95 less a 30% trade discount. What is the dollar amount of the trade discount?
0.3 * 679.95 = ?
To find the dollar amount of the trade discount, we can follow these steps:
Step 1: Calculate the amount of the discount.
Trade discount = List price * Discount rate
Given that the list price is $679.95 and the discount rate is 30%, we can calculate the discount as follows:
Trade discount = $679.95 * 0.30
= $203.985
Step 2: Round the discount value to two decimal places.
Since we are dealing with dollars and cents, let's round the discount to two decimal places.
Rounded discount = $203.99
Therefore, the dollar amount of the trade discount is $203.99.