2. Sample Papers
  3. SSC

SSC Sample Paper SSC (Group-C) Sample Test Paper-10

  • question_answer
    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

    Correct Answer: A

    Solution :

     Principal Rs. 1950. Rate = 10% per annum S. I. \[=\frac{\text{Principal}\times \text{Time}\times \text{Rate}}{100}\] \[=\frac{1950\times 1\times 10}{100}=Rs.195\] \[\therefore \]  Amount \[=Rs.\,(1950+195)\] \[=\text{ }Rs.2145\] \[\therefore \]  Required profit \[=Rs.\,(2200-2145)\] \[=Rs.\,55\]


You need to login to perform this action.
You will be redirected in 3 sec spinner