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Shopkeeper announces a discount scheme as follows: for every purchase of ₹ 3000 to ₹ 6000, the customer gets a 15% discount or a ticket that entitles him to get a 7% discount on a further purchase of goods costing more than ₹ 6000. The customer, however, would have the option of reselling his right to the shopkeeper at 4% of his initial purchase value (as per the right refers to the 7% discount ticket). In an enthusiastic response to the scheme, 10 people purchase goods worth ₹ 4000 each. Find the maximum. Possible revenue for the shopkeeper.
  • a)
    ₹ 38,400 
  • b)
    ₹ 38,000 
  • c)
    ₹ 39,400 
  • d)
    ₹ 39,000
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Shopkeeper announces a discount scheme as follows: for every purchase ...
The shopkeeper would get the maximum revenue when everybody opts for a 4% resale of the right.
In such a case, the shopkeeper's revenue from each customer would be 96% of 4000 = 4000 – 160 = 3840.
Hence, the total revenue is 38400
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Community Answer
Shopkeeper announces a discount scheme as follows: for every purchase ...
Calculation of discount and revenue:
- The shopkeeper announces a discount scheme for purchases between 3000 and 6000.
- Customers can either get a 15% discount or a ticket for a 7% discount on future purchases over 6000.
- Customers also have the option to sell their right to the shopkeeper for 4% of the initial purchase value.
- 10 people purchase goods worth 4000 each.

Discount for each customer:
- Since the purchase value is 4000, each customer is eligible for a 15% discount.
- The discount amount for each customer would be 15% of 4000, which is 600.

Revenue from discount:
- The maximum possible revenue for the shopkeeper can be calculated by multiplying the discount amount by the number of customers.
- Revenue = 600 (discount amount) * 10 (number of customers) = 6000.

Revenue from resale:
- Each customer has the option to sell their right to the shopkeeper for 4% of the initial purchase value.
- The resale value for each customer would be 4% of 4000, which is 160.
- The total revenue from resale can be calculated by multiplying the resale value by the number of customers.
- Revenue = 160 (resale value) * 10 (number of customers) = 1600.

Total revenue:
- The total revenue for the shopkeeper can be calculated by adding the revenue from discount and resale.
- Total revenue = Revenue from discount + Revenue from resale = 6000 + 1600 = 7600.

Conclusion:
The maximum possible revenue for the shopkeeper from the 10 customers who purchased goods worth 4000 each is 7600. However, this does not match any of the given options. Therefore, the answer should be none of the provided options.
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Shopkeeper announces a discount scheme as follows: for every purchase of 3000 to 6000, the customer gets a 15% discount or a ticket that entitles him to get a 7% discount on a further purchase of goods costing more than 6000. The customer, however, would have the option of reselling his right to the shopkeeper at 4% of his initial purchase value (as per the right refers to the 7% discount ticket). In an enthusiastic response to the scheme, 10 people purchase goods worth 4000 each. Find the maximum. Possible revenue for the shopkeeper. a) 38,400b) 38,000c) 39,400d) 39,000Correct answer is option 'A'. Can you explain this answer?
Question Description
Shopkeeper announces a discount scheme as follows: for every purchase of 3000 to 6000, the customer gets a 15% discount or a ticket that entitles him to get a 7% discount on a further purchase of goods costing more than 6000. The customer, however, would have the option of reselling his right to the shopkeeper at 4% of his initial purchase value (as per the right refers to the 7% discount ticket). In an enthusiastic response to the scheme, 10 people purchase goods worth 4000 each. Find the maximum. Possible revenue for the shopkeeper. a) 38,400b) 38,000c) 39,400d) 39,000Correct answer is option 'A'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Shopkeeper announces a discount scheme as follows: for every purchase of 3000 to 6000, the customer gets a 15% discount or a ticket that entitles him to get a 7% discount on a further purchase of goods costing more than 6000. The customer, however, would have the option of reselling his right to the shopkeeper at 4% of his initial purchase value (as per the right refers to the 7% discount ticket). In an enthusiastic response to the scheme, 10 people purchase goods worth 4000 each. Find the maximum. Possible revenue for the shopkeeper. a) 38,400b) 38,000c) 39,400d) 39,000Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Shopkeeper announces a discount scheme as follows: for every purchase of 3000 to 6000, the customer gets a 15% discount or a ticket that entitles him to get a 7% discount on a further purchase of goods costing more than 6000. The customer, however, would have the option of reselling his right to the shopkeeper at 4% of his initial purchase value (as per the right refers to the 7% discount ticket). In an enthusiastic response to the scheme, 10 people purchase goods worth 4000 each. Find the maximum. Possible revenue for the shopkeeper. a) 38,400b) 38,000c) 39,400d) 39,000Correct answer is option 'A'. Can you explain this answer?.
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