Complete question :
I received a letter from your competitor that mentions a savings of 15% over your prices. Can you match this offer? My current rate is $129.00 per month." Representative: "We will match any competitive offer. Your adjusted rate will be __________ dollars per month."
Answer:
$109.65
Explanation:
Given the following :
Current rate = $129.00
Savings on current rate = 15%
Therefore, the adjusted rate will be 15% off the currently charged rate.
15% of $129.00
(15/ 100) × $129.00
0.15 × $129.00 = $19.35
Adjusted rate = current rate - adjustment
Adjusted rate = $129.00 - $19.35
Adjusted rate = $109.65
Hence, complete response :
We will match any competitive offer. Your adjusted rate will be $109.65 dollars per month."