A shopkeeper offers the following two discount schemes
. A) Two successive discounts of 10% and 15%
B) Buy 5 get 2 free.
Which scheme has the maximum discount percentage?
This questions was previously asked in
Combined Graduate Level Examination Tier I 2023
B does not give any discount
Incorrect AnswerA and B both have the same discount percentage
Incorrect AnswerExplanation:
- Option 1: B does not give any discount.
- Buying 5 and getting 2 free means you get 7 for the price of 5.
- This effectively gives a discount of about 28.57%.
- Option 2: B
- As explained, this option gives a discount of about 28.57%.
- Option 3: A and B both have the same discount percentage.
- Scheme A offers successive discounts of 10% then 15%.
- Calculated as: 10% off first, leaving 90%; then 15% off 90%, leaving 76.5%.
- Total discount is 23.5%, which is less than 28.57%.
- Option 4: A
- Provides a total discount of 23.5%.
- Correct answer: Option 2
Option 2, B gives a higher discount of 28.57%.
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By: Parvesh Mehta