Mathematics
Medium
Question
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:
A
gains Rs. 55
B
gains Rs. 50
✓ Official correct answer
C
loses Rs. 30
D
gains Rs. 30
Community credibility
Registered members can vote for the answer they believe is correct today and explain why. If the facts change after an election or news event, suggest a new option so others can vote it up.
A
gains Rs. 55
No member explanations yet for this option.
B
gains Rs. 50
No member explanations yet for this option.
C
loses Rs. 30
No member explanations yet for this option.
D
gains Rs. 30
No member explanations yet for this option.