| A retailer offers the following discount scheme for buyers on an article. I. Two successive discounts of 10%. II. A discount of 12% follows by a discount of 8%. III. Successive discounts of 15% and 5%. IV. A discount of 20%. The selling price will be minimum under the scheme. |
A) I
B) II
C) III
D) IV
Correct Answer: D
Solution :
| [d] I. Equivalent discount \[=\left( 10+10-\frac{10\times 10}{100} \right)%=(20-1)%\] = 19% II. Equivalent discount \[=\left( 12+8-\frac{12\times 8}{100} \right)%\] \[=(20-0.96)%=19.04%\] III. Equivalent discount \[=\left( 15+5-\frac{15\times 5}{100} \right)%\] \[=(20-0.75)%=19.25%\] IV. Discount =20% Selling price will be minimum where discount is maximum i.e., in IVth condition. |
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