Question
Quantitative Aptitude Question on Profit and Loss
Mr Amrith purchased a furniture for 3000 rupees and sold it on the same day for 3600 rupees, allowing the buyer a credit of 2 years. If the rate of interest be 10 percent per annum, then Mr Amrith has a gain of…………
A
1 percent
B
0 percent
C
10 percent
D
5 percent
Answer
0 percent
Explanation
Solution
The correct option is (B): 0 percent