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Restaurant Distributing offers a commercial pasta maker for $980 with a trade discount of 25%. What...

Restaurant Distributing offers a commercial pasta maker for $980 with a trade discount of 25%. What is the additional discount needed to match a competitor's price of $661.50?

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Answer #1

Present trade discount offered

= 980 - (980*25%)

= 735

Competitor is offering the same product at $661.50

Additional discount that should be offered

= 735 - 661.50

= $73.50

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