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ikrabbe ikrabbe
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Posts: 324
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6 years ago
Honest Ed sells a product for $225.00 less 7.5% and 5%. Factory Direct carries the same product for $209.99 less 5%. What further discount must Factory Direct allow so that its net price will be the same as that of Honest Ed?
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 at Honest Ed = 225(1-0.075)(1-0.05) = $197.71875
Net price at Factory Direct = 199.99(1-0.05) = 199.4905
Additional discount needed = 199.4905 - 197.7185 = 1.77175
Additional percent discount = 1.77175/209.99 = 0.8437%
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