I have bought a car for some amount. I sell it to Mr.X at 10% loss due to need of money urgently. But later I buy it again from him at my original purchase price.
a) What is Mr.X's profit?
b) What is my loss?
Correct Answer : A
A radio can be brought for Rs.2000 cash or for Rs.2200 on 5 months credit. Find the interest rate p.a. Consider simple interest.
Instead of a metre scale, a cloth merchant uses a 120 cm scale while buying, but uses an 80 cm scale while selling the same cloth. If he offers a discount of 20 percent on cash payment, what is his overall percent profit?
Find the S.I. for Rs.2500 for 73 days at 6 % p.a.