Quantitative Aptitude :: True Discount - Discussion

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Choose the correct option.

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:

A0%

B5%

C7.50%

D10%

Answer: Option (Login/Signup)

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STEP-BY-STEP

Siddhartha
17 Apr, 2019 11:04 PM

Given,

Cost price, C.P = Rs. 3000

Now, S.P can be calculated as, S.P = Rs. ( 3600 x 100 ) / [ 100 + ( 10 x 2 ) ]

= Rs. 3000

Since, S.P is equal to C.P.

Therefore, Gain = 0%.

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