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A certain sum of money amounts to 756 rupees in 2 years and to 873 rupees in 3 and a half year at a certain rate of simple interest. What is the rate of interest per annum ? Please don't give incorrect answer I beg you please. |
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Answer» ong>Answer: Let the initial cost price of the article be 100 rupees. Profit = 20% S.P. of the 1st dealer Let the second profit % = X. Then, S.P. of the 2nd dealer Final S.P. of the article after passing through TWO HANDS at a profit = 38% Given, So, if the dealer makes a profit of 20%, then the profit per cent made by the second is 15%. |
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