Answer:
The selling price of the diamond necklace at Shamin Jewelers after 10% discount is:
$442 * 0.9 = $397.80
The selling price of the same necklace at the competitor's store after 34% and 14% discount is:
$527 * 0.66 * 0.86 = $247.08
So, Shamin Jewelers needs to offer an additional discount to meet the competitor's price:
$397.80 - $247.08 = $150.72
To calculate the additional rate of discount, we divide the difference by the original selling price at Shamin Jewelers and multiply by 100:
($150.72 / $442) * 100 = 34.11%
Therefore, Shamin Jewelers must offer an additional 34.11% discount to meet the competitor's price.
Explanation: