A scheme like ‘Buy 6, Get 4 Free’ on the same kind of articles with the same MRP attracts a _____ % discount.
Correct Answer :
40
Solution :
The correct answer is 40% (Option 2).
Step-by-Step Explanation:
1. Understand the Scheme:
Under the "Buy 6, Get 4 Free" scheme, a customer receives a total of 10 articles (6 paid articles + 4 free articles) but pays only for 6 articles.
2. Assume a convenient Maximum Retail Price (MRP):
Let the Maximum Retail Price (MRP) of 1 article be ₹1.
Therefore, the total MRP of all 10 articles obtained is:
3. Determine the Discount Given:
The number of free articles received is 4. Thus, the total discount received by the customer is equivalent to the price of these 4 free articles:
4. Calculate the Discount Percentage:
The formula for discount percentage is:
Substituting the values into the formula:
Hence, the scheme offers a 40% discount.
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