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Uptown Goldsmith Sells Watches for $840

Question 4

Essay

Uptown Goldsmith sells watches for $840.00 less 12.55%. Its competitors across the street offer the same type of watch for $860.00 less 13.25%, 11.5%. What additional rate of discount must Uptown offer to meet the competitor's price?

Correct Answer:

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Uptown N = 840(1-0.1255) = 840...

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