Natureland Garden Center buys lawn mowers that list for $679.95 less a 30% trade discount. What is the dollar amount of the trade discount?
Answer: 203.99
What is the net price of each Natureland Garden Center lawn mower?
Answer: 475.96
Just want to make sure my answer is correct.
Right.
Using your answer to the question above, what is the net dollar amount of that rose order?
To calculate the dollar amount of the trade discount, you need to multiply the list price of the lawn mower by the trade discount rate. In this case, the list price is $679.95 and the trade discount rate is 30%.
First, convert the percentage to a decimal by dividing it by 100:
30% = 30/100 = 0.30
Next, calculate the amount of the discount by multiplying the list price by the trade discount rate:
$679.95 * 0.30 = $203.99
Therefore, the dollar amount of the trade discount is $203.99.
To find the net price of each lawn mower, subtract the trade discount from the list price:
$679.95 - $203.99 = $475.96
Therefore, the net price of each Natureland Garden Center lawn mower is $475.96.
Based on your calculations, your answers are correct.