Question

A trader buys goods for Rs 400 and sells them the same day for Rs 480 at a credit of 8
months. His gain % is 2%.Find the rate of interest.

Answer 1

Answer:

first find out what will be the chair value after 4 month

6/3 = 2 that is 2% for 4 months

600*2/100 = 12

so chair value will be 600 + 12 = 612 rs

now this chair is sold at 765 rs

so gain is

(s.p - c.p / c.p) * 100

= (765 - 612 / 612) * 100

= 25%

Step-by-step explanation:

hope it will be helpful to u

mark me as brainlist