A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest be 10% per annum, then how much profit or loss will he have?

A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a

1.	A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest be 10% per annum, then how much profit or loss will he have?
A.	Rs. 55 gain
B.	Rs. 30 profit
C.	Rs. 30 loss
D.	Rs. 30 profit
Answer» B. Rs. 30 profit

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A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest be 10% per annum, then how much profit or loss will he have?

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