Aptitude - True Discount - Discussion
Discussion Forum : True Discount - General Questions (Q.No. 1)
1.
A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of:
Answer: Option
Explanation:
C.P. = Rs. 3000.
| S.P. = Rs. |  |
3600 x 100 |  |
= Rs. 3000. |
| 100 + (10 x 2) |
Gain = 0%.
Discussion:
59 comments Page 3 of 6.
Hafiz said:
2 decades ago
Raga said:
1 decade ago
I am too weak in maths so please explain in detail. I don't know why 600 is consider as profit. After 2 years I got 3600. But he bought the cow for 3000 only.
Anu said:
1 decade ago
@Nagarajan.
There are two buyers. In question its not mentioned that which buyer brought it for credit whether the buyer who brought for 3000 or 3600?
There are two buyers. In question its not mentioned that which buyer brought it for credit whether the buyer who brought for 3000 or 3600?
Abhi said:
9 years ago
A person buy a watch for Rs. 1950 in cash and sells it same day at Rs. 2200 on credit for 1 year, if the rate of interest is 10%. How much he gains?
Abhi said:
9 years ago
A person purchased a watch for Rs. 3000 and sold at 3600 on credit for 9 years at the rate of interest 7. 5%. What is the gain or loss to him?
Arvind said:
1 decade ago
As you buy anything (cow in above quest.) today you used the from not kept as it is thats why 600 may be considered as profit is it or not?
Riddhi said:
8 years ago
Why the amt is not taken to calculate gain?
Because actually, he is selling at 3600 (although at credit) but he is getting 600 as profit.
Because actually, he is selling at 3600 (although at credit) but he is getting 600 as profit.
Shivam said:
9 years ago
Here the cp = 3000.
Now sp = p.w.
p.w = A - td = 3600 - p * 2 * 10/100 = 3000.
cp - pw = 0.
Thus 0 profit gain.
Now sp = p.w.
p.w = A - td = 3600 - p * 2 * 10/100 = 3000.
cp - pw = 0.
Thus 0 profit gain.
Chaudhari said:
9 years ago
3000 's -> 10% = 300.
2year credit =300 * 2 = 600.
3600 - 600 = 3000(same to cost prize).
So, 0%profit.
2year credit =300 * 2 = 600.
3600 - 600 = 3000(same to cost prize).
So, 0%profit.
(1)
Satya said:
1 decade ago
Present value=future value/ (1+r/100) ^n.
With this it is coming 2974 for present value of 3600?
With this it is coming 2974 for present value of 3600?
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