Question
Download Solution PDFA shopping mart offers four different discounts schemes on the sale of an object as follows:
(1) A discount of 30%
(2) Two successive discounts of 15%
(3) Buy 2, get 1 free
(4) Buy 5, get 3 free
Which discount scheme offers the maximum discount to a customer?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFFormula used:
Effective discount = x + y - (x × y)/100
effective discount = (Article get free)/(Total articles) × 100
Calculation:
Scheme I. A discount of 30%
= 30%
Scheme II. Two successive discounts of 15%
= 15 + 15 - (15 × 15)/100
= 30 - 2.25
= 27.75%
Scheme III. Buy 2 get 1 free
So, effective discount for scheme B is = (Article get free)/(Total articles) × 100
= 1/(1 + 2 ) × 100 = 33.33%
Scheme IV. Buy 5 get 3 free
So, effective discount for scheme A is = (Article get free)/(Total articles) × 100
= 3/(5 + 3) × 100 = 37.5%
(4) has the maximum discount percentage.
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