A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of

Question

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:

Options:

A . gains Rs. 55

B . gains Rs. 50

C . loses Rs. 30

D . gains Rs. 30

Answer: Option B
Answer: (b).gains Rs. 50

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