Aptitude - Question 17

+2 votes
An electronic merchant buys a utility mobile for Rs. 1975 in cash and sells it for 
Rs.2200 at a credit of 1 year. If the rate of interest is 10% per annum, the merchant:

(A) gains Rs.75 
(B) gains Rs.25
(C) loses Rs.50 
(B) loses Rs.25
asked May 10 in Aptitude by getgatebook (31,410 points)
reshown May 11 by getgatebook

1 Answer

+4 votes
 
Best answer
Finally, the buyer paid Rs 2200 after a year.

Let Principal amount be P

then P+10%of P = 2200.

P=2000

2000-1975=25

Gains Rs. 25
answered May 11 by tsadhishmalviya (520 points)
selected May 11 by getgatebook
Answer:
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