Question
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
Ask by Riley Kelley. in the United States
Mar 10,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
The net price of the car is \$63.22.
Solution
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 \( \$63.22 \).
Answered by UpStudy AI and reviewed by a Professional Tutor
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Simplify this solution The Deep Dive
To find the net price of the NASCAR race car after applying the trade discount, we first determine the amount of the discount. The discount is \( 20\% \) of the original price \( \$ 79.02 \). The calculation for the discount is: \[ \text{Discount} = 0.20 \times 79.02 = 15.804 \] Next, we subtract the discount from the original price to find the net price: \[ \text{Net Price} = 79.02 - 15.804 = 63.216 \] Rounding to the nearest cent, the net price of the car is: \[ \text{Net Price} = \$ 63.22 \]
