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Chapter 2: Q 142. (page 130)

In the following exercises, find (a) the amount of discount and (b) the discount rate (Round to the nearest tenth of a percent if

needed.)

Hiroshi bought a lawnmower at the sale price of \(240. The original price of the lawnmower is \)300.

Short Answer

Expert verified

Part (a) The discount amount is $60.

Part (b) The discount rate is 20%.

Step by step solution

01

Part (a) Step 1. Given information.

The sale price is $240 and the original price of the lawnmower is $300.

02

Part (b) Step 2. Find the amount of discount. 

Calculate the discount amount by subtracting sale price from original price.


Discountamount=OriginalPrice-saleprice=300-240=60

So, the required discount amount is $60.

03

Part (b) Step 1. Find the discount rate.

Now, calculate the discount rate by using the following formula:


Discountrate=Discountamountoriginalprice脳100%=60300脳100%=20%

So, required discount rate is 20%.

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