A man buys a watch for Rs. 2825 in cash and sells it for Rs. 3300 at a credit of 1 year. If the rate of interest is 15% per annum, the man:
Answer: B
S.P. = P.W. of Rs. 3300 due 1 year hence = 3300*100/( 100+(10*1))=Rs.3000
So Gain = Rs. (3000-2825) =Rs. 175.