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:
Correct answer B. gains Rs. 50
Tip: press A, B, C or D to answer, and N for the next question.
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More True Discount questions
See allThe true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is:
Correct answer B. Rs. 1764
Goods were bought for Rs. 600 and sold the same for Rs. 688.50 at a credit of 9 months and thus gaining 2% The rate of interest per annum is:
Correct answer A. 16%
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If Rs. 10 be allowed as true discount on a bill of Rs. 110 due at the end of a certain time, then the discount allowed on the same sum due at the end of double the time is:
Correct answer D. Rs. 18.33
A man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the other a credit of Rs. 12,880 to be paid after 8 months, money being at 18% per annum. Which is the better offer?
Correct answer A. Rs. 12,000 in cash
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