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A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man: (a) Gains Rs. 55 (b) Gains Rs. 50 (c) Loses Rs. 30 (d) Gains Rs. 30

A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man:
(a) Gains Rs. 55
(b) Gains Rs. 50
(c) Loses Rs. 30
(d) Gains Rs. 30

Grade:12th pass

1 Answers

Pawan Prajapati
askIITians Faculty 60787 Points
2 years ago
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