A trader buys a chair for Rs. 600 and sells it for Rs765 at a credit of 4 month

Question

A trader buys a chair for Rs. 600 and sells it for Rs765 at a credit of 4 months. Reckoning money worth 6% p.a. His gain percent is:

Answer: Option C
- C.P. = 600 + (600 x 6 x 4/100 x 12) = Rs 612 gain Rs (765-612) = Rs.153.
Gain% = (153/612 x 100)%
= 25%

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