Question

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 1

Trade discount = $679.95*0.30

Answer 2

Is $203.99 the correct answer

Answer 3

[AI-generated answer — Explain Bot]

To calculate the dollar amount of the trade discount, you need to multiply the list price of the lawn mower by the discount rate percentage (30%).

First, convert the percentage discount to a decimal by dividing it by 100:
30% ÷ 100 = 0.30

Next, subtract the decimal discount from 1 to get the fraction of the original price that will actually be paid:
1 - 0.30 = 0.70

Now, multiply the list price of the lawn mower by the fraction calculated above to find the dollar amount of the trade discount:
$679.95 × 0.70 = $475.97

Therefore, the trade discount on the lawn mower is $475.97.