Question #1 Revisit Rakesh enters a shop having an offer of discounts according to age(1% per year. Eg a man of 50 years receives discount of 50%). He lies about his age and receives 30% discount instead of 24% discount What will his age be after 3 years? Kalekurthi SUDD 50 9249 pad
Answers
Answer:
Step-by-step explanation:
For example: If an invoice is due in 30 days, a seller could offer the buyer a typical cash discount of 2pc if they were to pay the invoice within the first 10 days of receiving it.
Small cash discounts benefit the seller because they increase the likelihood that a buyer will pay quickly, therefore providing the seller with cash in a shorter period of time, as it is better to receive e.g. 95% of an invoice with a few days than wait 30 or more days to receive the full amount.
Having cash sooner means that the seller can in turn put the cash back into the business sooner – a good motivation for any organisation.
The age of Rakesh after 3 years will be 27 years.
Given,
Rakesh enters a shop offering discounts according to age (at 1% per year).
He lies and gets a discount of 30% instead of 24%.
To find,
Rakesh's age after 3 years.
Solution,
Here, it is given that a shop offers discounts according to the age of a person. For example, a man aged 50 years will receive a discount of 50%.
Further, it is given that Rakesh lies about his age, and avails a discount of 30% instead of 24%.
It means Rakesh says, his age is 30 years.
However, his real age is 24 years, since he was actually eligible for only a 24% discount.
It means Rakesh's present age is = 24 years.
⇒ Rakesh's age after 3 years = 24 + 3 = 27 years.
Therefore, the age of Rakesh after 3 years will be 27 years.
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