A man purchases a cow for Rs.3000
and sold it on the same day
allowing the buyer a credit of 2
years. If the buyer will pay Rs.3600
after 2 year at a rate of simple
interest 50/7 % per annum, then the man has a gain of

• cost price=Rs. 3000
  selling price=Rs.(3600*100)/(100+(57/7)*2)=Rs. 3150
  gain=Rs.(3150-3000)=Rs. 150
  % gain=(150/3000)*100=5%
• 9 years agoHelpfull: Yes(1) No(0)