As the festive season sets in, you will see discounts all around.
You should be good at selecting the best offer this Diwali.
Here’s a riddle that will brush your skills on discount calculations.
A showroom announces two discounts schemes for a TV worth Rs. 50,000.
First scheme is 65% discount.
Second scheme is ‘Ten times 10% discount on price over and over’.
Which one will you choose and why?
So were you able to solve the riddle? Leave your answers in the comment section below.
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Let see how much we have to pay in both the discount schemes.
since the discount is 65 %, The amount we pay would be 35 %.
Hence Price of TV = 50000 x .35 = 17500.
I.e. Rs. 17,500 under first scheme.
The discount here is 10 times 10 %…so We pay 90 % of the TVs price but we have to calculate it 10 times.
So 10 times of 90 % would be (0.9) ^ 10 (.9 raised to 10)
S0 Price of TV = 50000 x .9^10 = 50000 x .3486 = 17433.
I.e. Rs. 17,433 under Second scheme.
Hence we select second scheme as we are getting the TV at a lower cost.