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:
0%
5%
7.5%
10%
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 5 of 6.

Sirisha said:   1 decade ago
Why don't we think that the second man bought it for credit ?

Sagar said:   1 decade ago
@Nagarajan

Thanks a lot, your explanation helped me alot :-)

Gaurav said:   10 years ago
Allowing the buyer a credit of 2 years? What's this mean?

Shra said:   8 years ago
What is mean by P.W?

Please, clear the concept briefly.
(1)

Lechisagadisa said:   1 decade ago
Credit terms for first purchaser have not mentioned.

Urvi chheda said:   1 decade ago
wht is the formula? & how it is calculated.

Dinesh said:   1 decade ago
How did you calculated the selling price?

Buddhika said:   1 decade ago
Please explain step by step easy English.

Nisha said:   1 decade ago
What do you mean by a credit of 2 years?

Simranjeet Singh said:   1 decade ago
@Nagarajan

Its the correct Exlanation


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