A man purchased a cow for Rs. 300 and sold it the same day for Rs. 360, allowing the buyer a credit of 9 years. If the rate of interest be 7 % per annum, then the man has a gain of:

A man purchased a cow for Rs. 300 and sold it the same day for Rs.

1.	A man purchased a cow for Rs. 300 and sold it the same day for Rs. 360, allowing the buyer a credit of 9 years. If the rate of interest be 7 % per annum, then the man has a gain of:
A.	4 %
B.	5 %
C.	6%
D.	5%
Answer» E.

Discussion

No Comment Found

Related MCQs

A shopkeeper offers 15% discount on all plastic toys. He offers a further discount of 4% on the reduced a piece to those customers who pay cash. What does a customer have to pay (in rupee) in case for a toys of Rs. 200 ?
A shopkeeper sold an item at 10% loss after giving a discount equal to half the marked price. Then the cost price is ?
The marked price of an article is 10% higher then the cost price. A discount of 10% is given on the market price.In this kind of sale, the seller bears ?
Charging 30% above its production cost a radio maker puts a label of Rs. 286 on a radio as is price. But at the time of selling it, he allows 10% discount on the labelled price. What will his gain be ?
The difference between simple interest and the true discount on Rs. 2400 due 4 yearshence at 5% per annum simple interest is -
A shopkeeper allows a discount of 12.5% on the marked price of a certain article and makes a profit of 20%. If the article costs the shopkeeper Rs. 210, then the marked price of the article will be = ?
The marked price of an article is Rs. 500. A shopkeeper gives a discount of 5%and still makes a profit of 25%. The cost price of the article is = ?
Anand marks up the price of an article by 50% and then allows a discount of 20% and sells it to Balaji who sells it for Rs. 20, more than what he purchased for, this selling price is 30%more then the original cost price of the article. Then Balaji's profit % is = ?
A double bed is market at Rs. 75000. The shopkeeper allows successive discounts of 8%, 5%and 2% on it. What is the net selling price ?
A machine is marked at Rs. 6800 and available at a discount of 10%. The shopkeeper gives another off season discount to the buyer and sells the machine for Rs. 5202. Find the off season discount ?

A man purchased a cow for Rs. 300 and sold it the same day for Rs. 360, allowing the buyer a credit of 9 years. If the rate of interest be 7 % per annum, then the man has a gain of:

Discussion

No Comment Found

Related MCQs

Reply to Comment