Murlidhar, the owner of a grocery store, offers a discount scheme 'buy 5 water bottles get 1 for free' to his customers. What is the effective percentage discount offered by Murlidhar? (correct up to two decimal places)
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 16.67%.
The customer gets 1 bottle free, which is the discount.
The original price would be the cost of 6 bottles.
Required percentage = (1/6) × 100 = 16.666...% = 16.67% (approx)
Therefore, the effective percentage discount offered by Murlidhar is 16.67%.