The list price of a car is $8,760. It is available at either a 10/20/5 or a 35/30 trade discount series. Which trade discount series gives the better deal? By how much? (Round to the nearest cent)

The 10/20/5 trade discount series means that the car will be sold for a discount of 10% off the list price, then an additional 20% off the discounted price, and finally an additional 5% off the new discounted price. The calculation for this discount is: List price: $8,760 Discount 1: 10% off = $8760 * 0.10 = $876 Discounted price: $8,760 - $876 = $7,884 Discount 2: 20% off = $7,884 * 0.20 = $1,577.20 New discounted price: $7,884 - $1,577.20 = $6,306.80 Discount 3: 5% off = $6,306.80 * 0.05 = $315.34 Final price: $6,306.80 - $315.34 = $5,991.46 The 35/30 trade discount series means that the car will be sold for a discount of 35% off the list price, and then an additional 30% off the discounted price. The calculation for this discount is: List price: $8,760 Discount 1: 35% off = $8,760 * 0.35 = $3,066 Discounted price: $8,760 - $3,066 = $5,694 Discount 2: 30% off = $5,694 * 0.30 = $1,708.20 Final price: $5,694 - $1,708.20 = $3,985.80 Therefore, the 35/30 trade discount series gives the better deal, with a final price of $3,985.80 compared to the 10/20/5 discount series at $5,991.46. The difference in price is $2,005.66.