Question

A man purchased a cow for rs. 3000 and sold it the same day for rs. 3600, allowing he buyer a credit of 2 years. if the rate of interest be 10% per annum, then the man has a gain of

Answer 1

C.P = Rs.3000

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

Gain =0%