To clear the old stock, Arshad offers a discount scheme to his customers - on buying 24 glass tumblers get 12 glass tumblers free. What is the effective percentage discount given by Arshad to his customers?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. %.
Let the Marked price of 1 glass tumbler be Rs 1.
Marked price of 36 glass tumbler = Rs 36
Selling price of 36 glass tumblers = Rs 24 (12 glass tumblers are free)
Hence, Required discount percentage = [(Marked price - Selling price)/Marked price] × 100
⇒ ((36 - 24)/36) × 100
⇒ %