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Discussion :: Profit and Loss

  1. On an order of 5 dozen boxes of a consumer product, a retailer receives an extra dozen free. This is equivalent to allowing him a discount of:
    2. A.
    15%
    B.
    16 1/6%
    C.
    16 2/3%
    D.
    20%

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    Answer : Option C

    Explanation :

    Clearly, the retailer gets 1 dozen out of 6 dozens free.

    Equivalent discount = 1/6 * 100 = 16 2/3%.

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