Question
Which of the following is
true?Solution
A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person, is called a contract of indemnity. Every contract of Insurance, except life assurance, is a contract of indemnity. Reversionary Bonus- Until the bonus is paid, it does not figure in the Revenue Account and is not payable in cash immediately but is to be payable at the time of the claim; it is described as Reversionary Bonus. The amount of Reversionary Bonus is included in claims.
An item has marked price ₹2000. Two successive discounts of 15% and 5% are given. Find:
(i) final selling price, (ii) single equivalent discount %.
The marked price of the washing machine is 60% above its cost price. The seller offers two successive discounts of 10% and 10%, respectively. If he make...
An item is sold for Rs. 288 after two successive discounts of 'x%' and 25% on the marked price of Rs. 480. Find the value of 'x'.
The marked price of an article is Rs 1500. A shopkeeper sells it by giving 20% discount on its marked price. If the cost price of the article is Rs 991....
Meera purchased 10 dozens of apples, which cost Rs. 90 per dozen. She sold 6 dozens of apples at Rs. 108 per dozen. At what rate per dozen did she sell ...
Asha bought a dress and sold it at a profit of 20%. Had she bought it for Rs. 400 less and sold it for Rs. 480 more, she would have earned a profit of 6...
A person buys three articles having some cost price and sells at (142/7)%, (12.5)% and (81/3)% profit respectively. If he gets overall Rs. 630 as a prof...
- A seller marked an article 60% above its cost price and sold it after allowing 25% discount. If he made a profit of Rs. 45, then find the difference betwee...
A man buys a radio for ₹2000. He sells it to a retailer at a profit of 25%. The retailer sells it to a customer at a profit of 20%. What is the final ...
A person sold a house at 15% Profit. If he had purchased it for 25% less and sold it for Rs 48 less, then there would have been a profit of 32%. Find th...
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