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Price discounts 2008-06-14
From karonn:
Kinky Trading sells an items for RM90 less 25% and 10%. Softee Trading sells the same item for RM100 less 30%.

(a) find the net price of the item for the two companies.
(b) what additional discount percent must be offered by the company that sells at higher net price in order to meet the competitor's price?

Answered by Penny Nom.
Markups and discounts 2006-01-21
From Dan:
I'm trying to increase my pricing by 30 percent. I'm doing something completely wrong. If my price is $150.00 and I increase the price by 30 percent. I would take 150 times .30 and that equals 45. I would then take 45 plus 150 and that would give me 195. My problem is now 195 is my list price. If I turn around and give my customer a 30 percent discount off the 195 the price ends up being 136.50. Which is less than the 150 that I started with. I'm confusing myself and have totally lost confidence in what I'm doing and how . Can you help me?
Answered by Penny Nom.
 
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