Discussion :: True Discount

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:
Answer : Option A
Explanation :
C.P. = Rs. 3000.
S.P. = Rs.\( [\frac { 3600*100 } { 100+ (10*2)}] \)= Rs. 3000.
Gain = 0%.
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