A shopkeeper offers three types of discount schemes for buyers. Which of them has the maximum discount percentage?
I. Two successive discounts of 10% each.
II. Successive discounts of 15% and 5%.
III. 20% discount.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Only discount scheme III
Calculations:
I. Two successive discounts of 10% each
Overall discount % = 10 + 10 - 100/100 = 19%
II. Successive discounts of 15% and 5%.
Overall discount % = 15 + 5 - 75/100 = 19.25%
Hence, Only discount scheme III offers the highest discount.