Galaxy Jewellers sells diamond necklaces for $299 less 25%. Brilliants Jewellers offers the same necklace for $350

Question:

Galaxy Jewellers sells diamond necklaces for $299 less 25%. Brilliants Jewellers offers the same necklace for $350 less 35% and 10%. What additional rate of discount must Galaxy offer to meet the competitor’s price?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

See More Books

Question Posted: Sep 21, 2024 05:19 AM

See More Questions

Holly needs $21,800 worth of new equipment for his shop. He can borrow this money at a discount rate of 11% for a year. Find the amount of the loan Holly should ask for so that the proceeds are...
The government now spends over $700+ billion a year on Social Security benefits. Why don't we leave it to individuals to save for their own retirement? In order to achieve true federal debt reduction...
Explain the exact steps a client and server take in Kerberos to authenticate that a message is from the party it claims to be. (You may find it useful to consult the information on the Web regarding...
Galaxy Jewellers sells diamond necklaces for $299 less 25%. Brilliants Jewellers offers the same necklace for $350 less 35% and 10%. What additional rate of discount must Galaxy offer to meet the...
At a recent meeting of the accounting staff in your company, the controller raised the issue of using present value techniques to conduct impairment tests for some of the companys fixed assets. Some...
Metallica Bearings Inc. is a young start-up company. No dividends will be paid on the stock over the next nine years, because the firm needs to plow back its earnings to fuel growth. The company will...
A hat is listed for $66 less 40%. The net price of the hat is further reduced to $35.64. What additional rate of discount is offered?
Polar Bay Wines advertises California Juice listed at $125 per bucket at a discount of 24%. A nearby competitor offers the same type of juice for $87.40 per bucket. What additional rate of discount...
Match each expression in Column I with the equivalent choice in Column II. -16 1/2 A. -4 C. 3 E. -3 G. 4 I. 6 II B. 8 D. -6 F. 6 H. -2 J. Not a real number
D Question 6 Consider the given function: f(x) = sin (2) (2+7) 5x+2 -2 - if x T if 2 < x < - if - 2 x 10 pts
1. Create a disruptive innovation for your healthcare organization. 2. Outline the core competitive dimensions that make your new service or product unique. 3. Discuss long-term sustainable...
PLEASE ANSWER PROBLEM 3. IT HAS 15 QUESTIONS Introduction to Cost Accounting and Cost Accounting Cycle 7. Utility costs were incurred in the factory, P450,000. 8. Advertising costs paid, P2,250,000....
Identifies process strategies most useful for a window manufacture by using the tools of process analysis. Then Identify recent advances in production technology that would be useful in the window...
Mini-Case B (7 marks) Like every Canadian couple, Amira and Owen carry quite a lot of debt. . Three years ago, Amira purchased a Subaru Outback costing $34,750 before sales tax of 15%, with a $5,000...
Two small spheres A and B, respectively of mass m and 2m, are connected by a rigid rod of length l and negligible mass. The two spheres are resting on a horizontal, frictionless surface when A is...
Don Griffin worked as an accountant at a local accounting firm for five years after graduating from university. Recently, he opened his own accounting practice, which he operates as a corporation....
A bank pays 10% nominal annual interest on special three-year certificates. What is the effective annual interest rate if interest is compounded? (a) Every three months? (b) Daily? (c) Continuously?
Bart Simpson wishes to tour the country with his friends. To do this, he is saving money for a bus. (a) How much money must Bart deposit in a savings account paying 8% nominal annual interest,...
Select the best alternative among the following five alternatives. Assume the investment is for a period of 4 years and P = $10,000. (a) 11.98% interest rate compounded continuously (b) 12.00%...
Your manager gives you the following summary of key statistics for Simply plc a clothing retailer, for the five years 2016/17 to 2020/21. FIVE YEAR SUMMARY OF KEY STATISTICS 2017 2018 2019 2020 2021...
erst, Brown and Sullivan have a partnership. Pertinent information is as follows: Verst Brown Sullivan Capital balance 50,000 120,000 30,000 Profit and loss percentage 25% 50% 25% Sullivan sells his...
On January 1, 2021, Sheffield Corp. had 472,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 125,000...

Galaxy Jewellers sells diamond necklaces for $299 less 25%. Brilliants Jewellers offers the same necklace for $350

Question:

Step by Step Answer:

Galaxynet 075 29900 22425 Brillia...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions