If a “Buy 3, Get 1” sales promotion offer is changed to “Buy 2, Get 1”, what is the additional percentage of discount given? Assume that all the items have the same price.
A
12.5
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B
8.33
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C
5
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D
25
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Solution
The correct option is B 8.33 Let us assume that the price of each item is ₹ 100 for simplicity in calculations.
Intially the offer is "Buy 3, Get 1".
Marked price of 4 items = 4×100 = ₹ 400
Selling price of 4 items = 3×100 = ₹ 300
Discount = Marked price - selling price
= 400 - 300
= ₹ 100
Discount percentage = DiscoountMarkedprice×100
= 100400×100
= 25%
The new offer is “Buy 2, Get 1”
Marked price of 3 items = 3×100 = ₹ 300
Selling price of 3 items = 2×100 = ₹ 200
Discount = Marked price - selling price
= 300 - 200
= ₹ 100
New discount percentage = DiscoountMarkedprice×100
= 100300×100
= 33.33%
Increase in discount percentage = 33.33% −25% = 8.33%