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Which company is offering the food for a cheaper price

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Question - A pet food company in Toronto, Ontario lists a bag of food for $22 with trade discount rates of 8% and 4%. At the same time, a company in Orillia, Ontario lists the same food for $21.50 with trade discount rates of 7% and 5%.

Required -

a. Which company is offering the food for a cheaper price?

b. What further trade discount rate must the company with the higher price provide to match the lower price?

Reference no: EM132589454

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