Natureland Garden centr buy lawn mowers that list for $679.95 less 30% trade discount. What is the dollar amount of the trade discount and what is the net price of each lawn mower?
Trade discount: 679.95*.30+ 203.99
Net Price: 679.95 - 203.99= 475.96
Is my answers correct?
Correct.
Your answers are correct!
To calculate the trade discount, you need to find 30% of the list price. You multiply the list price ($679.95) by the discount rate (0.30).
Trade discount = $679.95 * 0.30 = $203.99
To find the net price, subtract the trade discount from the list price.
Net price = $679.95 - $203.99 = $475.96
So, the trade discount is $203.99 and the net price of each lawn mower is $475.96.