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:

Question

Accepted Answer

C.P = Rs.3000 S.P =Rs. [3600 x 10] / [100+(10 x 2)] = Rs.3000 Gain =0%

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:

Discussion & Comments