ANSWER
Discount amount = $59.80
Net price = $239.20
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:
[tex]\frac{20}{100}\cdot\text{ 299 = }4=\text{ \$59.80}[/tex]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.
