As the festive season sets in, you will see discounts all around. Every store whether offline or online wants to make the best of these season and get maximum sales.
You, the consumer on the other hand should be good at selecting the best offer this Diwali.
Here’s a riddle that will help you sharpen your skills on discount calculations.
Festive Offer Discount Riddle
Amazon announces a discount offer in which you get an Apple iPhone worth Rs. 60,000 at a flat discount of 65%.
Similarly Flipkart has a scheme, on the same iPhone, which offers ‘Ten times 10% discount on price over and over’.
Where will you buy the iPhone from to get the best discount and why?
If you get the correct answer, share it with your friends on WhatsApp, Facebook and other social networking sites.
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 amount we have to pay for the iPhone = 60000 x .35 = 21000.
I.e. Rs. 21,000 under Amazon’s scheme.
The discount here is 10 times 10 %…so We pay 90 % of the iPhone’s 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 = 60000 x .9^10 = 60000 x .3486 = 20,600.
I.e. Rs. 20,600 under Flipkart’s scheme.
Hence we select Flipkart Offer as we are getting the iPhone at a lower cost.