Dazzle Jewelers sells diamond necklaces for $416.00 less 6 %. Starlight Jewelers offers the same necklace for $454.00 less 39%, 18% . What additional rate of discount must Dazzle offer to meet the competitor's price? The additional rate of discount that Dazzle Jewelers must offer to meet the competitor's price is %. (Round to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

Dazzle Jewelers sells diamond necklaces for $416.00 less 6 %. Starlight Jewelers offers the same necklace for $454.00 less 39%, 18% . What additional rate of discount must Dazzle offer to meet the competitor's price? The additional rate of discount that Dazzle Jewelers must offer to meet the competitor's price is %. (Round to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter23: Other Topics In Working Capital Management

Section: Chapter Questions

Problem 8MC

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