A

Admin • 828.03K Points
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Q. A man buys a watch for Rs. 195 in cash and sells it for Rs. 220 at a credit of 1 year. If the rate of interest is 10%, the man ?

  • (A) Gains Rs. 15
  • (B) Gains Rs. 3
  • (C) Gains Rs. 5
  • (D) Loses Rs. 5
  • Correct Answer - Option(C)
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Explanation by: Admin
P.W. of Rs. 220 due 1 year hence = Rs. (100 x 220) / (100 + 10)
= Rs. 200
hence, the man gains Rs. 5

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