Merchants C and D sell the same article at $69.95 and $64.95, respectively. They both advertise that they will match the price offered by any other store on any product that they stock.
a) What discount rate must C give to match D's price marked down by 20% during a sale?
b) What discount rate must D give to match C's price marked down by 20% during a sale?

Question

Quizplus · Accepted Answer

The Answer of Merchants C and D sell the same article at $69.95 and $64.95, respectively. They both advertise that they will match the price offered by any other store on any product that they stock.
a) What discount rate must C give to match D's price marked down by 20% during a sale?
b) What discount rate must D give to match C's price marked down by 20% during a sale?

Merchants C and D Sell the Same Article at $69