19.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 interests is 10% per annum, the man
A. gain Rs.55
B. gain Rs.30
C. loses Rs.30
D. gains Rs.50
Answer:
Option : D
S.P. = P.W. of Rs.2200 due 1 year
=
|
|
2200 x
|
100
|
+ (10 x 1)
|
|
= Rs. 2000
|
100
|
Gain = Rs.(2000 - 1950) = Rs.50.
