Bihar NHM CHO-2025
Non Nursing Subjects
Hard

A product is priced at ₹1,000 and sold with 20% cash discount and a 'buy 3 get 2 free' scheme. What is the effective selling price of 5 pieces of the product?

Appeared in: Bihar NHM CHO-2025

Explanation

  • The 'buy 3 get 2 free' scheme means the customer pays for only 3 items to receive a total of 5 items.
  • The total cost for the 3 payable items at the marked price is 3 × ₹1,000 = ₹3,000.
  • A 20% cash discount is then applied to this payable amount of ₹3,000.
  • The discount amount is 20% of ₹3,000, which equals ₹600.
  • The final effective selling price is the payable amount minus the discount: ₹3,000 - ₹600 = ₹2,400.

Why Other Options Were Wrong

  • Option A: This amount is incorrect. It may arise from applying a much larger discount (e.g., 40%) on the price of 3 items (3 x ₹600 = ₹1,800), which is not what the offer states.
  • Option B: This amount represents the cost of paying for only 2 items at the discounted price (2 x ₹800 = ₹1,600). The scheme requires payment for 3 items.
  • Option C: This amount is an incorrect calculation. It could be the result of paying for 2.5 items at the discounted price (2.5 x ₹800 = ₹2,000), which doesn't match the scheme.

Related Visual

Visual explanation — Related Visual
  • Visual 1: Flowchart: Step-by-step calculation of the effective selling price. The chart would show two paths: 1) Applying the scheme first, then the discount. 2) Applying the discount per item first, then the scheme. Both paths lead to the same final answer.
  • Visual 2: Infographic: A visual comparison of the total marked price of 5 items (₹5,000) versus the final effective selling price (₹2,400), highlighting the total savings of ₹2,600.
Clinical Relevance
  • Nursing practice connection: This is primarily an exam-oriented knowledge point with limited direct bedside application, so retain Calculating the effective selling price with a combination of promotional schemes and percentage discounts as background academic context rather than a clinical decision trigger.
  • This type of calculation is a practical life skill for personal finance, budgeting, and making informed consumer decisions.
  • Understanding how to combine different offers allows individuals to accurately determine the final cost of goods and maximize savings during sales events.
  • What if? If the cash discount was only 10%, the final price would be ₹3,000 - (10% of ₹3,000) = ₹3,000 - ₹300 = ₹2,700.
How to Approach the Question
  • First, identify all parts of the problem: the marked price per item (₹1,000), the cash discount (20%), and the promotional scheme ('buy 3 get 2 free').
  • Analyze the scheme to determine the payment condition. 'Buy 3 get 2 free' means you receive 5 items but only pay for 3.
  • Calculate the total price of the items you must pay for. This is 3 items × ₹1,000/item = ₹3,000.
  • Apply the percentage discount to this payable amount. Calculate 20% of ₹3,000, which is ₹600.
  • Subtract the discount from the payable amount to find the final selling price: ₹3,000 - ₹600 = ₹2,400.
  • Alternatively, first calculate the discounted price of one item (₹1,000 - 20% = ₹800) and then multiply it by the number of items you have to pay for (3 × ₹800 = ₹2,400).
Concept Tested & Keywords
  • Concept Tested: Calculating the effective selling price with a combination of promotional schemes and percentage discounts.
  • Stem keywords: product, priced, ₹1,000, 20% cash discount, buy 3 get 2 free, effective selling price, 5 pieces
  • Lead-in keywords: What is

Question ID

QxAncI65nvUS0TwOzl-9OX

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