Fantasia Florist Shop purchases an order of imported roses with a list price of $2,375 less trade discounts of 15/20/20. What is the dollar amount of the trade discount?

To find the dollar amount of the trade discount, we need to calculate it step by step.

The trade discounts are given as 15/20/20, which means there are three consecutive discounts: 15%, 20%, and 20%.

Step 1:
To find the first discount, we multiply the list price by the first discount rate.
First discount = List price * 15% = ($2,375) * (0.15)

Step 2:
To find the second discount, we subtract the first discount from the list price and multiply the result by the second discount rate.
Second discount = (List price - First discount) * 20% = ($2,375 - First discount) * 0.2

Step 3:
To find the third discount, we subtract the sum of the first and second discounts from the list price and multiply the result by the third discount rate.
Third discount = (List price - (First discount + Second discount)) * 20%

Finally, we calculate the total trade discount by summing up the three discounts:
Trade discount = First discount + Second discount + Third discount

Now we can proceed with the calculations:

First discount = $2,375 * 0.15 = $356.25
Second discount = ($2,375 - $356.25) * 0.2 = $403.75
Third discount = ($2,375 - ($356.25 + $403.75)) * 0.2 = $318.75

Trade discount = $356.25 + $403.75 + $318.75 = $1,078.75

The dollar amount of the trade discount is $1,078.75.