Urgent !!!!
Ramesh buys a watch for Rs. 1950 and sells it for Rs. 2200 at a credit of one year. If the rate of interest is 10% per annum, find the gain or loss.
Answers
Answered by
0
Answer:
it is loss as he buy 1950 and sell it for2200and intrest per year is 453.53
Answered by
1
Answer:
55
Step-by-step explanation:
Principal = 1950, Rate = 10% per annum.
S.I = (PTR/100)
=> (1950 * 1 * 10)/100
=> 195
Amount = P + SI = 1950 + 195 = 2145.
Selling price = 2200.
Gain = Selling price - Cost price
= 2200 - 2145
= 55
Hence, Gain = 55.
#Hope my answer helped you.
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