A man buys a watch for Rs. 195 in cash and sells it for Rs. 220 at a credit of 1 year. If the rate of interest is 10%, the man ?

A man buys a watch for Rs. 195 in cash and sells it for Rs. 220 at

1.	A man buys a watch for Rs. 195 in cash and sells it for Rs. 220 at a credit of 1 year. If the rate of interest is 10%, the man ?
A.	Gains Rs. 15
B.	Gains Rs. 3
C.	Gains Rs. 5
D.	Loses Rs. 5
Answer» D. Loses Rs. 5

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A man buys a watch for Rs. 195 in cash and sells it for Rs. 220 at a credit of 1 year. If the rate of interest is 10%, the man ?

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