A has to pay $ 22 to B after 1 year. B asks A to pay $ 110 in cash and – McqOptions

MCQOPTIONS

1.	A has to pay $ 22 to B after 1 year. B asks A to pay $ 110 in cash and defers the payment of $ 110 for 2 years. A agrees to it. Counting the rate of interest at 10% per annum in this new mode of payment,
A.	there is no gain or loss to anyone.
B.	A gains $ 7.34
C.	A loses $ 7.34
D.	A gains $ 11
Answer» C. A loses $ 7.34

Discussion

No Comment Found

Related MCQs

Articles are marked at a price which gives a profit of 25%. After allowing a certain discount the profit reduces to 121%. The discount percent is2
Mr. A bought a refrigerator with 162% discount on the labelled price. Had 3 he bought it with 25% discount, he would have saved 600. At what price did he buy the refrigerator ?
A housewife saved 2.50 in buying a dress on sale. If she spent 25 for the dress, approximately how much per cent she saved in the transaction?
A fan is listed at 1500 and a discount of 20% is offered on the list price. What additionaldiscount must be offered to the customer to bring the net price to 1104 ?
A dealer buys an article marked at 25,000 with 20% and 5% off. He spends 1,000 for itsrepair and sells it for 25,000. What is his gain or loss per cent?
The Banker s discount on a bill due 6 months hence at 16% per annum is 216. The truediscount is :
A discount of 21/2% is given to the customer on the marked price of an article. A man bought the article for 39. The marked price of the article is :
A man sold an article for Rs. 450, after allowing a discount of 162% on3 the printed price. What is that printed price ?
The discount on a certain sum of money,due at the end of 21years at 22 % p.a. is 78.43 Find the sum.
A shopkeeper sold an item for 1,510 after giving a discount of 241% 2and thereby incurred loss of 10%. Had he sold the item without discount, his net profit would have been