Q8.
A retailers purchase price unit is of Rs 27.15 when he purchases 3 units. However, the price per unit is of Rs 24 when he purchases 8 units. What is the % discount that the retailer gets on purchase of 8 units?
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Given:
(i) A retailers purchase price unit is of Rs 27.15 when he purchases 3 units.
(ii) the price per unit is of Rs 24 when he purchases 8 units.
To find:
(i) the % discount that the retailer gets on purchase of 8 units.
Solution:
The price of 1 unit initially = Rs 27.15
The price of 8 units initially = Rs (27.15*8) = Rs 217.20
The price of 1 unit later = Rs 24.15
The price of 8 units later = Rs (24*8) = Rs 192
Discounted price when he buys 8 units instead of 3 units = Rs (217.20-192)
= Rs 25.20
Disc.% = [Disc/Initial Price)*100]%
= [(25.20/217.20)*100]%
= 11.6%
The retailer gets a 11.6% discount.
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