A retail store lists a jacket for $290.00, less 18%. A department store lists the same jacket

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A retail store lists a jacket for $290.00, less 18%. A department store lists the same jacket for $265.00, less 12%.

a. Which store is offering the item for a cheaper price and by how much?

b. What additional trade discount rate must the store with the higher price provide to match the lower price?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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