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ikrabbe ikrabbe
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6 years ago
A discount store lists an article for $875.00 less 25% and 20.5%. a competitor carries the same article for $847.90 less 21.5%. What further discount (correct to the nearest   of 1%) must the competitor allow so that its net price will be the same as that of the discount store?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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wrote...
6 years ago
Net price of discount store = 875(1-0.25)(1-0.205) = $521.72
Net price of competitor = 847.90(1-0.215) = 665.60
Additional discount needed = 665.60 - 521.72 = 143.88
Additional percent discount =   = 21.61681%
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