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:

1.

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:

[A].	0%
[B].	5%
[C].	7.5%
[D].	10%

Answer: Option A

Explanation:

C.P. = Rs. 3000.

S.P. = Rs.		3600 x 100		= Rs. 3000.
		100 + (10 x 2)

Gain = 0%.

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