Knowee
Questions
Features
Study Tools

Which of the fallowing successive discounts schemes are best in terms of seller point of view?Question 20Answera.30%, 8% and 2%b.15%, 20% and 5%c.25%, 10% and 5%d.10%, 10% and 20%

Question

Which of the fallowing successive discounts schemes are best in terms of seller point of view?Question 20Answera.30%, 8% and 2%b.15%, 20% and 5%c.25%, 10% and 5%d.10%, 10% and 20%

🧐 Not the exact question you are looking for?Go ask a question

Solution

To determine which discount scheme is best from the seller's point of view, we need to calculate the total discount offered in each scheme. The seller would prefer the scheme that offers the smallest total discount, as this would mean they are giving less of a reduction on their original selling price.

Here's how to calculate:

  1. For option a (30%, 8%, 2%): First apply the first discount to 100, which gives 100 - 30 = 70. Then apply the second discount to 70, which gives 70 - (700.08) = 64.4. Finally, apply the third discount to 64.4, which gives 64.4 - (64.40.02) = 63.112. So, the total discount offered is 100 - 63.112 = 36.888%.

  2. For option b (15%, 20%, 5%): First apply the first discount to 100, which gives 100 - 15 = 85. Then apply the second discount to 85, which gives 85 - (850.20) = 68. Finally, apply the third discount to 68, which gives 68 - (680.05) = 64.6. So, the total discount offered is 100 - 64.6 = 35.4%.

  3. For option c (25%, 10%, 5%): First apply the first discount to 100, which gives 100 - 25 = 75. Then apply the second discount to 75, which gives 75 - (750.10) = 67.5. Finally, apply the third discount to 67.5, which gives 67.5 - (67.50.05) = 64.125. So, the total discount offered is 100 - 64.125 = 35.875%.

  4. For option d (10%, 10%, 20%): First apply the first discount to 100, which gives 100 - 10 = 90. Then apply the second discount to 90, which gives 90 - (900.10) = 81. Finally, apply the third discount to 81, which gives 81 - (810.20) = 64.8. So, the total discount offered is 100 - 64.8 = 35.2%.

From the calculations, we can see that option b offers the smallest total discount (35.4%). Therefore, from the seller's point of view, option b (15%, 20%, 5%) is the best discount scheme.

This problem has been solved

Similar Questions

A shop keeper marks his goods 30% above the C.P and allows 10% discount on the marked priceHis profir percent?15%16%17%18%

Successive discounts of 28% and 12% are equivalent to a single discount ofChoose the best optionClear Response30%35.53%32%36.64%

Successive discount of 10% and 30% are equivalent to a single discount of :

A trader gives successive discounts of 10%, 20% and 10% respectively. The percentage of the original cost price he will recover is:

A single discount equivalent to the discount series of 20%, 10% and 5% is?

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.