Lumber King Sells 2x4 Studs for $3

question 167

Multiple Choice

Lumber King sells 2x4 studs for $3.15 each less 15%. Its competitors across town offer the same stud for $3.55 less 22%, 18%. What additional rate of discount must Lumber King offer to meet the competitor's price?

• A) 16.392%
• B) 15.198%
• C) 14.188%
• D) 16.232%
• E) 13.023%

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Definitions:

Filing Fees

Charges required to file documents with a governmental body or court, often mandatory for legal processes, registrations, or applications.

Seasoned Stock Offering

A public offering of securities by a company that has previously issued securities to the public.

Market Value

The going rate at which the market facilitates the purchase or sale of assets or services.