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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 is 10% per annum, the man:

Option :

Explanation:

Solution:
$\begin{array}{rl}& \text{S}\text{.P}\text{. = P}\text{.W}\text{.}\phantom{\rule{thinmathspace}{0ex}}\text{of}\phantom{\rule{thinmathspace}{0ex}}\text{Rs}\text{.}\phantom{\rule{thinmathspace}{0ex}}\text{2200}\phantom{\rule{thinmathspace}{0ex}}\text{due}\phantom{\rule{thinmathspace}{0ex}}\text{1}\phantom{\rule{thinmathspace}{0ex}}\text{year}\phantom{\rule{thinmathspace}{0ex}}\text{hence}\\ & \phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}=Rs.\phantom{\rule{thinmathspace}{0ex}}\left[\frac{2200×100}{100+\left(10×1\right)}\right]\\ & \phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}=Rs.\phantom{\rule{thinmathspace}{0ex}}2000.\\ & \therefore \text{Gain}=Rs.\left(2000-1950\right)\\ & \phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}\phantom{\rule{thinmathspace}{0ex}}=Rs.\phantom{\rule{thinmathspace}{0ex}}50.\end{array}$