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Maths Puzzle
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A trader buys a chair for Rs 600/- and sells it for 765 at a credit of 4 months.Reckoning money worth 6% p.a. , his gain percent is ?
(a) 20%
(b) 45/2%
(c) 25%
(d) 54/2%
(NOTE : Please provide Details Explanation of this type of questions)
Read Solution (Total 1)
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- (c) 25%
If x is present value of Rs 765 after 4 months, then
x+x*2/100 = 765
x+x/50 = 765
x=750
Then SP=750
CP=Rs 600
% profit = 100*150/600= 25% - 11 years agoHelpfull: Yes(0) No(3)
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