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 6 of 6.
Dinesh said:
1 decade ago
How did you calculated the selling price?
Asama said:
1 decade ago
cp=cost price
sp=selling price
sp=selling price
Harsha said:
1 decade ago
elaborate the sp formula
Dhirendra said:
1 decade ago
What is cp & sp?
Urvi chheda said:
1 decade ago
wht is the formula? & how it is calculated.
Nagarajan said:
1 decade ago
Buyer purchase for Rs.3000 on credit basis so he is liable to pay Rs.600 as interest for 2 years. i.e. 3000*2*10/100=600. On the other hand, he sold on that day for Rs. 3600 which bouht for Rs.3000 so he got Rs.600 as profit.
Now, see he got Rs. 600 as profit on the purchasing day but he pays Rs.600 as interest after 2 years. so, no profit for him.
Now, see he got Rs. 600 as profit on the purchasing day but he pays Rs.600 as interest after 2 years. so, no profit for him.
Hafiz said:
2 decades ago
Jayaprakash said:
2 decades ago
What is the formula?
Angel16 said:
2 decades ago
Did not get why SP is calculatd by the given formula. Please elaborate.
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