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Q.
A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of:
A.
0
B.
0.05
C.
7.5%
D.
0.1
View Answer
Correct choice: A
Explanation:
C.P = Rs.3000 S.P =Rs. [3600 x 10] / [100+(10 x 2)] = Rs.3000 Gain =0%
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