A trader buys a chair for ₹ 600 and sells it for ₹ 765 at a credit of 4 months. Reckoning money worth 6%… · ABC26GN2623
Subject: General Aptitude · Chapter: Profit and Loss
A trader buys a chair for ₹ 600 and sells it for ₹ 765 at a credit of 4 months. Reckoning money worth $6 \%$ p.a., his gain percent is
(a)20\%
(b)$22 \frac{1}{2} \%$
(c)25\%
(d)$27 \frac{1}{2} \%$
Answer
Explanation
C.P. $=₹\left(600+\frac{600 \times 6 \times 4}{100 \times 12}\right)=₹ 612$. Gain $=₹(765-612)=₹ 153$. ∴ Gain $\%=\left(\frac{153}{612} \times 100\right) \%=25 \%$.
Explanation as extracted from the printed page; notation may be imperfect.
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