Homework Help: Math

Posted by Anonymous on Tuesday, October 4, 2011 at 11:10am.

AAA Company currently sells radios for $ 80 less 25 % . Their competitors are now selling the same product for $ 48 . AAA must offer an additional discount of _____ in order to meet their competitor's price. A single discount of _____ will give the same net price.
(a) 10.00 % ; 60.00 % (b) 20.00 % ; 40.00 %
(c) 10.00 % ; 40.00 % (d) 20.00 % ; 60.00 %

I am not asking for the answer i just need help to figure out how to get to the answer like is there some sort of formula to figure it out or what strategy can i use to figure it out please help me.

Math - Reiny, Tuesday, October 4, 2011 at 1:04pm
addition discount x %

.75(80)(1-x) = 48
60 - 60x = 48
-60x = -12
x = -12/-60 = .20

They have to offer another 2-%

check: (.75)(.8)(80) =48

Answer this Question

Related Questions

accounting - Mendez Company currently produces and sells 20,000 units of product...
math..percents - Craig wants to buy some software for his computer. The company ...
College Algebra - A manufacturer of radios estimates that his daily cost of ...
accounting - 4. Suppose a Midwest telephone company and telegraph MTT company ...
math - A small firm produces AM and AM/FM car radios. The AM radios take 15 ...
Finance - Scanlon Inc.'s CFO hired you as a consultant to help her estimate ...
Finance - National Telephone and Telegraph (NTT) Company common stock currently ...
marketing - Your manager has asked you to investigate the Internet marketing ...
math - The Math-Is-Fun T-shirt Company manufactures and sells screen-printed t-...
math - Frances sells greeting cards. The materials for a card cost $2.40, and ...

For Further Reading

First Name:
School Subject:
Answer: