What is the effective discount percent if a shopkeeper offers a scheme, “Buy five and get three free”?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 37.5%.
Total articles = 8, price paid = 5
Effective price per article = 5 ÷ 8 = 5/8
Discount = 1 − 5/8 = 3/8
Effective discount % = (3/8) × 100 = 37.5%