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True Discount - General Aptitude

Q1:

A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of:

A 0%

B 5%

C 7.5%

D 10%

ANS:A - 0%

C.P. = Rs. 3000.

S.P. = Rs. 3600 x 100 = Rs. 3000.
100 + (10 x 2)
Gain = 0%.