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08 Apr 2024, 05:09
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Most advantageous: No membership
Least advantageous: A 10% discount membership
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
55%
(hard)
Question Stats:
65% (02:27) correct
35%
(02:44)
wrong
based on 1318
sessions
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Date
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Not Attempted Yet
For a certain retail company, a customer can purchase a membership and receive a percent discount applied to all purchases made from that company for one year, or the customer can make purchases from the company without buying a membership and pay full price for purchases. There are exactly four membership types:
1. The 1% discount for $100.
2. The 2% discount for $200.
3. The 5% discount for $500.
4. The 10% discount for $1,000.
Provided that a customer expected to spend exactly $2,400 on purchases made from the retail company during a one-year period (before any discounts are applied), select for Most advantageous and for Least advantageous the membership option that would be most financially advantageous and least financially advantageous, respectively, for the customer based on the information provided. Make only two selections, one in each column.
1. The 1% discount for $100.
2. The 2% discount for $200.
3. The 5% discount for $500.
4. The 10% discount for $1,000.
Provided that a customer expected to spend exactly $2,400 on purchases made from the retail company during a one-year period (before any discounts are applied), select for Most advantageous and for Least advantageous the membership option that would be most financially advantageous and least financially advantageous, respectively, for the customer based on the information provided. Make only two selections, one in each column.
| Most advantageous | Least advantageous | |
| No membership | ||
| A 1% discount membership | ||
| A 2% discount membership | ||
| A 5% discount membership | ||
| A 10% discount membership |
ShowHide Answer
Official Answer
Most advantageous: No membership
Least advantageous: A 10% discount membership
08 Apr 2024, 19:06
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ashutosh_73
The customer spends 2400 on purchases and would save the % on this amount if he has a membership.
1. The 1% discount for $100....He spends 100$ and saves 1% of 2400 or 24.....Loss of 100-24 or 76
2. The 2% discount for $200....He spends 200$ and saves 2% of 2400 or 48.....Loss of 200-48 or 152
3. The 5% discount for $500.....He spends 500$ and saves 5% of 2400 or 120.....Loss of 500-120 or 380
4. The 10% discount for $1,000.....He spends 1000$ and saves 10% of 2400 or 240.....Loss of 1000-240 or 760.
Each membership results in loss and the maximum loss is for $1000 membership.
Most advantageous: No membership
Least advantageous: $1000 membership
15 May 2024, 06:08
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sayan640
Well, what you may be missing is that with each membership tier, there is a cost associated.
So, for instance, for the:
1% membership, the customer must pay $100 to get the membership.
2% membership the customer must pay $200
5% membership at $500
10% membership at $1000
This way, if the customer is to shop for $2400
at the discounts they get:
1% - $24 off
2% - $48 off
5% - $120 off
10% - $240 off but they are also spending
1% - $100 - $24 (that they get as discount)
and si ib so forth meaning that by not getting a membership the customer only spends $2400
whereas if they got the 1% discount membership, they would be spending
$2400 + (100-24)= $2476
and so on so forth
