Lumber Queen sells 4x8 sheets of drywall for $8.00 each less 14%. Its competitors across town offer the same drywall for $12.00 less 30%, 20%. What additional rate of discount must Lumber King offer to meet the competitor's price?

Question

Quizplus · Accepted Answer

Lumber Queen's price after discount is $8.00 * (1 - 0.14) = $6.88. Competitor's price after discounts is $12.00 * (1 - 0.30) * (1 - 0.20) = $6.72. The additional discount needed is ($6.88 - $6.72) / $6.88 = 2.33%.

Lumber Queen Sells 4x8 Sheets of Drywall for $8