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Hillier Hillier
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Posts: 550
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6 years ago
Uptown Goldsmith sells watches for $840.00 less 12.55%. Its competitors across the street offer the same type of watch for $860.00 less 13.25%, 11.5%. What additional rate of discount must Uptown offer to meet the competitor's price?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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wrote...
6 years ago
Uptown N = 840(1-0.1255) = 840(0.8745) = 734.58
Competitor's N = 860(1-0.1325)(1-0.115) = $660.25
Additional Uptown discount = 734.58 - 660.25 = $74.33
Additional Uptown discount rate =   = 10.11871%
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