A guy bought a cow for Rs. 3000 and sold it for Rs. 3600 the next day, giving the buyer a two-year credit. If the rate of interest is 10% per year, the guy has made a profit of:
A. 0%
B. 5%
C. 7.5%
D. 10%
Answer:A
A guy bought a cow for Rs. 3000 and sold it for Rs. 3600 the next day, giving the buyer a two-year credit. If the rate of interest is 10% per year, the guy has made a profit of:
A. 0% B. 5% C. 7.5% D. 10%
Explanation: C.P. = 3000 rupees,S.P. = 3600 x 100/100 Plus (10 x 2) Equals 3000 rupees.Percentage gain = 0%.