A retailer offers a discount scheme on shirts, that is, buy 3, get 2 free. What is the discount percentage?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 40%
Calculations:
Let the marked price of one shirt be 100x
Marked price of 5 shirts = 500x
Selling price = 300x
Discount = 500x - 300x = 200x
Discount % = ([Marked price - selling price]/marked price) × 100
Discount % = [200x/500x] × 100 = 40%