A man purchased a cow for ₹ 3000 and sold it the same day for ₹ 3600, allowing the buyer a credit of 2 years… · ABC26GN5401

Subject: General Aptitude · Chapter: True Discount

A man purchased a cow for ₹ 3000 and sold it the same day for ₹ 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10\% per annum, then the man has a gain of

(a)0\%

(b)5\%

(c)7.5\%

(d)10\%

Answer

Answer (as printed): A

Explanation

C.P. $=₹ 3000$. $$\text { S.P. }=₹\left[\frac{3600 \times 100}{100+(10 \times 2)}\right]=₹ 3000 .$$ Gain $=0 \%$.

Explanation as extracted from the printed page; notation may be imperfect.

Study loop for True Discount

1. Practise the PYQsPrevious-year questions, with answers

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