Question

A shopkeeper announces a discount scheme as follows: for every purchase of ` 3000 to ` 6000, the
customer gets a 15% discount or a ticket that entitles him to get a 7% discount on a further
purchase of goods costing more than ` 6000. The customer, however, would have the option of
reselling his right to the shopkeeper at 4% of his initial purchase value (as per the right refers to
the 7% discount ticket). In an enthusiastic response to the scheme, 10 people purchase goods
worth ` 4000 each. Find the maximum. Possible revenue for the shopkeeper.
(a) ` 38,400 (b) ` 38,000
(c) ` 39,400 (d) ` 39,000

Answer 1

Answer:

hey there is your answer 38400

Answer 2

Given:

Discount schemes

Rs. 30,00 to Rs. 6000 - 15% discount or a ticket with 7% discount for further purchases costing more than Rs. 6000.

4% discount of the initial value ( right sold to the shopkeeper as per the right refers to the 7% discount ticket)

To find :

to find the maximum possible revenue for the shopkeeper.

Solution:

Number of customers - 10

Revenue - 10×4000

$Total \: sales = 4000 \times 10$

$Total \: sales = 40000$

since the sales are above Rs. 3000 all three of the discount is applicable on the sales.

So we can calculate the discount for all the three discount amounts and compare it for the shopkeeper to earn the maximum revenue.

Discount 1 (15% )

$discount = 15\% \times 40000$

$discount = 6000$

Revenue

$revenue = sales - discount$

$revenue = 40000 - 6000$

$revenue = 34000$

Discount 2 (7%)

$discount = 7\% \times 40000$

$discount = 2800$

Revenue

$revenue = sales - discount$

$revenue = 40000 - 2800$

$revenue = 37200$

Discount 3 (4%)

$discount = 4\% \times 40000$

$discount = 1600$

Revenue

$revenue = sales - discount$

$revenue = 40000 - 1600$

$revenue = 38400$

now, comparing the three discount amounts we can see that when the method of discount 3 is used, the shopkeeper can earn the maximum revenue.

Therefore the maximum revenue for the shopkeeper is Rs.38400.

Therefore the maximum revenue for the shopkeeper is Rs.38400. The correct option is (a)