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? (Points : 2.5)

Discount = 2375*0.15*0.20*0.20 = $14.25

CORRECTION:

Cost = 2375*0.85*0.80*0.80 = $1292.

Discount = 2375 - 1292 = $1083.

To find the dollar amount of the trade discount, we need to calculate the trade discount percentage and apply it to the list price.

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

First, calculate the first trade discount of 15%:
Trade discount 1 = 15% of list price
Trade discount 1 = (15/100) * List price

Next, calculate the second trade discount of 20%:
Trade discount 2 = 20% of the remaining amount after the first trade discount
Trade discount 2 = (20/100) * (List price - Trade discount 1)

Finally, calculate the third trade discount of 20%:
Trade discount 3 = 20% of the remaining amount after the second trade discount
Trade discount 3 = (20/100) * (List price - Trade discount 1 - Trade discount 2)

The total trade discount will be the sum of these three trade discounts:
Total trade discount = Trade discount 1 + Trade discount 2 + Trade discount 3

Now, let's plug in the values to calculate the dollar amount of the trade discount.