Question

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.0.075
D.0.1

Answer 1

Option(A.0)

C.P =R.S 3000

S.P=Rs (3600×100

Answer 2

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