A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of what percentage ?
C.P.=Rs 3000 S.P.=Rs[(3600*100)/{100+(10*2)}]=Rs 3000 Gain is 0 %
Ans 40 % gain .
check he sell at 3600 at the same day so he already earn 20% now on the interest rate 10% he has given 1 year = 360 bucks 2 year = 720 bucks which is 20% of 3600 rs that's 20%+20% = 40% gain.
Ramesh purchased a mobile phone for Rs. 15000. He sold it to Suresh at a gain of 20% of the selling price. Suresh further sold it to Mahesh for Rs. 20000. What was the profit percentage of Suresh?
A trader bought two articles for Rs. 17000. He sold one at a profit of 20% and the other at loss of 25%. If the selling price of an article sold at 25% loss is 500/9% of the selling price of an article sold at 20% profit. What is the gain or loss percentage in the whole transaction?
When an article is sold for Rs. 2080, the shopkeeper suffers as much loss as he would have gained by selling it at a profit of 20%. If he sells the same article for Rs. 2470, what is his profit or loss percentage?
