A supermarket offers the following discount schemes for buyers.
I. Two successive discounts of 25% and 15%
II. Successive discount of 35% and 5%
III. A discount of 38%
Which offer is better for the customer?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option3 i.e. Only II
i) Two successive discounts of 25% and 15%
= 25 + 15 - (25 × 15)/100 = 40 - 3.75 = 36.25%
II. Successive discounts of 35% and 5%
= 35 + 5 - 35 ×5 /100 = 40 - 1.75 = 38.25%
III. A discount of 38%
Hence, Only II discount is better for customer.