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Lada Lada
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Posts: 357
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6 years ago
Deep Discount Electronics lists an article for $127.00 less 12.5% and 11.5%. A competitor carries the same article for $137.00 less 15.5%. What further discount (correct to the nearest 1/10 of 1%) must the competitor allow so that its net price is the same as Deep Discount's?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
Read 69 times
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Replies
wrote...
6 years ago
Store's net price = 127.00(1 - .125)(1 - .115) = 98.35
Competitor's price = 137.00(1-.155) = 115.77
Additional discount needed = 115.77 - 98.35 = 17.42
Additional percent discount =   = 15.0471%
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