A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man:
- A. gains Rs. 55
- B. gains Rs. 50
- C. loses Rs. 30
- D. gains Rs. 30
✅ Correct Answer: gains Rs. 50
Explanation
=Rs. 2200 x 100/(100+(10 x 1))[https://www.indiabix.com/_files/images/aptitude/1-sym-tfr.gif] Gain=Rs.(2000-1950)=Rs. 50.
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