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Symbiosis National Aptitude Test SNAP 2012 Paper
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© examsnet.com
Question : 9
Total: 150
A man buys a watch for ₹ 1950 in cash and sells it for ₹ 2200 on credit of 1 year. If the rate of interest is 10% per annum, then the man
Gains ₹ 55
Gains ₹ 50
Loses ₹ 30
Gains ₹ 30
Validate
Solution:
Money paid to buy watch = ₹ 1950.
Money paid as interest of 10% on ` 1950 = ₹ 195
∴ Total money paid = ₹ 2145
Since S.P. = ₹ 2200, therefore the man gained ₹ 55.
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