Mathematics
NULL
Medium
Question
A man buys a watch for Rs 1950 cash and sells it for Rs 2200 on 1-year credit at 10% p.a. He ________?
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.
Explanation
Present worth of Rs 2200 after 1 year at 10% = Rs 2000 → gain = Rs 50.