Question
Michelle and Martin wanted to take advantage of a sale to buy a new television. The one they liked was worth $2,340, but a 25%
Michelle and Martin wanted to take advantage of a sale to buy a new television. The one they liked was worth $2,340, but a 25% discount was granted during the sale. After taking advantage of the rebate, they had to pay 14.975% for the harmonized sales tax.
What percentage does the discount correspond to the total amount that the couple paid (including tax)?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
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