math

posted by .

Cola Company is offering its preferred customers a 25% discount on its most popular product normally listed at $40 each.

a) What is the net price of each product to Cola Company's preferred customers? For full marks your answer(s) should be rounded to the nearest cent.


b) SouthCo also sells the same product but with a list price of $59. What rate of discount should SouthCo give to match Cola Company's price to its preferred customers? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56%

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Finance

    Hooks Athletics, Inc., has outstanding a preferred stock with a par value of $30 that pays a dividend of $2.50. The preferred stock is redeemable at the option of the stockholder in 10 years at a price equal to $30. The stock may be …
  2. Communication

    Which of the following sentences advocates an idea in a positive way?
  3. Finance

    Hooks Athletics, Inc., has outstanding a preferred stock with a par value of $30 that pays a dividend of $2.50. The preferred stock is redeemable at the option of the stockholder in 10 years at a price equal to $30. The stock may be …
  4. Statistics and Probability

    A research manager at Coca-Cola claims that the true proportion, p, of cola drinkers that prefer Coca-Cola over Pepsi is greater than 0.50. In a consumer taste test, 100 randomly selected people were given blind samples of Coca-Cola …
  5. accounting

    Y company offers its customers credit of 2/10,n 30. Most customers take advantage of the cash discount, mailing their payment to arrive on the 10th day following the date of the invoice. However X comany, Y largest customer, has recently …
  6. umdnj

    A company has preferred stock that can be sold for $21 per share. The preferred stock pays an annual dividend of 3.5% based on a par value of $100. Flotation costs associated with the sale of preferred stock equal $1.25 per share. …
  7. finance

    National Health Corporation (NHC) has a cumulative preferred stock issue outstanding, which has a stated annual dividend of $8 per share. The company has been losing money and has not paid preferred dividends for 5 years. There are …
  8. Check Answers (Math)

    1. Which binomial is a factor of x^3-3x^2-28x?
  9. Economics

    Which of the following business situation would be banned by the Sherman Anitrust Act?
  10. Social studies

    1. What event would most likely cause an increase in sales A. Decrease in price B. Increase in supply C. Decrease in product quality D. Increase in quality product Answer: A 2. What is stated by the law of supply A. An increase in …

More Similar Questions