Discussion :: True Discount
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A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man:
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Answer : Option B
Explanation :
= Rs\([ \frac { 2200*100 } { 100+(10*1) } ]\)
| S.P. | = P.W. of Rs. 2200 due 1 year henzz |
Gain = Rs. (2000 - 1950) = Rs. 50.
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