Shankara buys a watch for Rs. 1,950 in cash and sells it for Rs. 2,200 – McqOptions

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1.	Shankara buys a watch for Rs. 1,950 in cash and sells it for Rs. 2,200 at a credit of 1 year. If the rate of interest is 10% per annum, he _____ :
A.	gains Rs. 55
B.	gains Rs. 50
C.	loses Rs. 30
D.	gains Rs. 30
Answer» C. loses Rs. 30

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