Question
An instrument which is vague and cannot be clearly
identified either as a bill of exchange, or as a promissory note, is called as:Solution
As per Section 17 of the Negotiable Instruments Act, 1881, an ambiguous instrument is one which may be construed as either a bill of exchange or a promissory note. The holder may treat it as either, at their option.
A smartphone was sold for Rs. 36,300 at a profit of 10%. If the smartphone was instead sold at a loss of 8%, what would have been its selling price?
Two vendors sell an electronic gadget for Rs. 1500, making a profit of 20%. One vendor calculates his profit based on cost price, while the other consid...
A shopkeeper sold an article for Rs. 300 after offering a discount of 40%. If he earned a profit of 50%, then find the ratio of cost price to the marked...
A gadget is marked 100% above its cost price and is sold for Rs. 1,080 after giving two successive discounts of 10% and 20%, respectively. Find the diff...
Sunset Publications sold a testbook for Rs. 230 and made a profit of 15% on CP and sold a Encyclopedia for Rs. 805 and made a profit of 20% on its CP. ...
The cost price of a bicycle is Rs. 12,000. The bicycle is marked 35% above its cost price and sold after a discount of Rs. 1,800. If the cost price of t...
A cupboard is sold at 20% profit after giving a discount of 25% on the marked price. If the marked price of the cupboard is Rs. 3,600, find its cost price.
58 notebooks have been purchased at the rate of 1 Rs. How many notebooks should be sold at the rate of Rs 1 to earn 45% profit?
A shopkeeper bought two articles for Rs. 800 each. If he sold one of them at 40% profit and the other at 25% loss, then find the difference between the ...
Nikhil purchased a house for Rs. 20,00,000/- and gave it on rent immediately at the rate of Rs. 15,000/- per month. After five months, he sold the house...
