A model NASCAR race car lists for \( \$ 79.02 \) with a trade discount of \( 20 \% \). What is the net price of the car? Note: Round your answer to the nearest cent. Net price

1. Compute the discount amount by multiplying the list price by the discount percentage: \[ \text{Discount} = 0.20 \times 79.02 \] 2. Calculate the discount: \[ \text{Discount} = 15.804 \] 3. Subtract the discount from the list price to find the net price: \[ \text{Net Price} = 79.02 - 15.804 \] 4. Compute the net price: \[ \text{Net Price} = 63.216 \] 5. Round the net price to the nearest cent: \[ \text{Net Price} \approx 63.22 \] Final Answer: The net price of the car is \( \$63.22 \).