Question

The list price of a smartphone is $299. A local Samsung dealer receives a trade discount of 20% find the trade discount amount and the net price.

Answer 1

Discount amount = $59.80

Net price = $239.20

Step-by-step explanation

We are given that the price list of the smartphone at the store is $299.

The Samsung dealer receives a trade discount of 20%.

This means that 20% of the price was taken off for the dealer.

To find the discount amount, we need to find 20% of $299.

That is:

`(20)/(100)\cdot\text{ 299 = }4=\text{ \$59.80}`

That is the discount amount.

To find the net price, we simply need to deduct the discount amount from the list price.

That is:

Net price = $239.20

That is the net price.