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.
Sagar said:
1 decade ago
@Nagarajan
Thanks a lot, your explanation helped me alot :-)
Thanks a lot, your explanation helped me alot :-)
Simranjeet Singh said:
1 decade ago
@Nagarajan
Its the correct Exlanation
Its the correct Exlanation
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?
Aurum said:
1 decade ago
@Nagarajan
Thanks for help
Thanks for help
Vignesh Jagan said:
1 decade ago
100 x Amount/100 + (R x T).
Dhruv Mahajan said:
1 decade ago
On what basis did we decide that we need to calculate Simple Interest and not Compound Interest?
Pat* said:
1 decade ago
Am lost help me out. How do you come up with 0%. Use a simple elaboration please.
Harry said:
1 decade ago
In my understanding, the man has purchase the cow for 3000 and sold it on the same day for 3600 which means a straight gain of 600 plus the interest of 10% per annum on 3600 which comes to 720 in 2 years.
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.
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