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Mr Jaspal purchased a cow for Rs. 3,000 and sold it to Mr Dharampal, on the same day, for Rs. 3,600, allowing Dharampal a credit of 2 years. If the rate of interest be 10% per annum, then the Jaspal has a gain of:
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- Nil
- 5%
- 750
- 10%
Correct Option: A
On the basis of above given question ,
| Selling Price = Rs. | = Rs. 3000; Gain = 0% | |
| 100 + ( 10 x 2 ) |
Thus , the Jaspal has a gain of 0% or Nil .
