A. gains Rs. 55
B. gains Rs. 50
C. loses Rs. 30
D. gains Rs. 30
A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 on credit for 1 year. If the rate of interest is 10% per annum, what is his gain or loss?
Tag: math mcqs
The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. After how long is the sum due?
A. 6 months
B. 8 months
C. 9 months
D. 10 months
The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 85 and Rs. 80 respectively. What is the sum?
A. Rs. 1800
B. Rs. 1450
C. Rs. 1360
D. Rs. 6800
The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is:
A. Rs. 1325
B. Rs. 1300
C. Rs. 1350
D. Rs. 1500
If the true discount on a sum due 2 years hence at 14% per annum is Rs. 168, what is the sum due?
A. Rs. 768
B. Rs. 968
C. Rs. 1960
D. Rs. 2400
A tradesman marks his goods 10% above the cost price. He allows his customers a 10% discount on the marked price. What is his overall profit or loss percentage?
A. 1% gain
B. 1% loss
C. 5% gain
D. No gain, no loss
