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:

✅ Correct Answer: 0%

Explanation

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

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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: | ACME Academy