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

Submit Your Solution Below and Earn Points !

Next Question

More Questions on This Topic :

Question 1. The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time after which it is due is:....

Question 2. The present worth of Rs. 2310 due $$2\frac{1}{2}$$ years hence, the rate of interest being 15% per annum, is:....

Question 3. Rs. 20 is the true discount on Rs. 260 due after a certain time. What will be the true discount on the same sum due afte....the former time, the rate of interest being the same?

Question 4. The interest on Rs. 750 for 2 years is the same as the true discount on Rs. 960 due 2 years hence. If the rate of intere....of interest is the same in both cases, it is:

Question 5. The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 85 and Rs. 80 re....are Rs. 85 and Rs. 80 respectively. The sum is:

Question 6. The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:....

Question 7. If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is:....

Question 8. A tradesman marks his goods 10% above his cost price. If he allows his customers 10% discount on the marked price. How m....much profit or loss does he make, if any ?

Question 9. A discount of $${\text{2}}\frac{1}{2}\% $$ is given to the customer on the marked price of an article. A man bought th....39. The marked price of the article is = ?

Question 10. The marked price of a watch was Rs. 720. A man bought the same for Rs. 550.80, after getting two successive discounts, t....the first 10%. What was the second discount rate ?

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0