Question

A model NASCAR race car lists $85.99. The trade discount is 40%. What is the net price?

Answer 1

We have a d=40% discount on a race car.

The list price is L=$85.99.

We can calculate the net price P as:

`P=L-D=85.99-0.4\cdot85.99=85.99-34.40=51.59`

The net price is $51.59.

NOTE: we could have also calculated as (100-40)%=60% of the list price and get the same result.