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Question :   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:


1. gains Rs. 55
2. gains Rs. 50
3. loses Rs. 30
4. gains Rs. 30
Answer :   3 - loses Rs. 30  

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