Aptitude - True Discount - Discussion
Discussion Forum : True Discount - General Questions (Q.No. 8)
8.
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:
Answer: Option
Explanation:
| S.P. | = P.W. of Rs. 2200 due 1 year hence | |||||
|
||||||
| = Rs. 2000. |
Gain = Rs. (2000 - 1950) = Rs. 50.
Discussion:
87 comments Page 5 of 9.
Sneha said:
9 years ago
I agree with you @Arijit.
Jatin said:
9 years ago
Guys we'll se present value of 2200.
Present value of 2200 = 2200 ÷ 1.1 = 2000,
(Let us assume present value of 2200 be x.
So x+10%of x = 2200,
1.1x = 2200,
X=2000.
Profit = 2000 - 1950 = 50.
Present value of 2200 = 2200 ÷ 1.1 = 2000,
(Let us assume present value of 2200 be x.
So x+10%of x = 2200,
1.1x = 2200,
X=2000.
Profit = 2000 - 1950 = 50.
Shubham Singh said:
9 years ago
If P = 100 on 10% rate of interest he have to pay I = 110.
So, 100 -> 110.
x -> 2200.
By Solving x = 2000.
So, profit is 2000 - 1950 = 50.
So, 100 -> 110.
x -> 2200.
By Solving x = 2000.
So, profit is 2000 - 1950 = 50.
Akshay thakur said:
8 years ago
I also agree @Ankit.
Abhishek said:
1 decade ago
Thanks Sachin....
Sharad goyal said:
1 decade ago
I agree with anurag singh.
Faraz said:
1 decade ago
Present value= (future value x 100) which is divide by 1 + interest rate (10)
but here you change formula
future value x 100 divided by 100 + (interest rate x 1)
but here you change formula
future value x 100 divided by 100 + (interest rate x 1)
Sairam said:
1 decade ago
Thanks sachin...
Anurag singh said:
1 decade ago
CP=1950. sp(after 1 yr )=2200.
Let present sp=p.
then use
SP(after 1 yr )=p+(p*r*t/100)
=> 2200=p+(p*10*1/100)
=> p=2000.
We are dealing with present values
present cp=1950
present sp=2000
=> Gain=2000-1950=50.
Let present sp=p.
then use
SP(after 1 yr )=p+(p*r*t/100)
=> 2200=p+(p*10*1/100)
=> p=2000.
We are dealing with present values
present cp=1950
present sp=2000
=> Gain=2000-1950=50.
Mahesh said:
1 decade ago
Thanks ramesh.
Post your comments here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers