Question

A trader buys a chair for Rs. 600 and sells it for Rs. 765 at a credit of 4 months.
Reckoning money worth 6% p.a., his gain percent is​

Answer 1

Answer:

25%.

Step-by-step explanation:

Given, For 12 months, rate =6%

∴ For 4 months, rate =

12

6

×4=2%

⇒ So value of chair =(600+2%of600)

=Rs.612

Chair is sold for Rs.765

so, gain ={

CP

(SP−CP)

×100}%

={(

612

765−612

)}%

=25%

Hence, the answer is 25%.

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