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- Island Remanufactured Wood Products Inc. sells its products at trade discounts of 30%, 10%. A competitor has been offering products at the same list

- Island Remanufactured Wood Products Inc. sells its products at trade discounts of 30%, 10%. A competitor has been offering products at the same list prices but with trade discounts of 25%, 20%. Island Reman wishes to beat the competitors prices by offering a third trade discount. At least how big must the additional discount rate be to meet this objective

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