Question
As per the provisions of the SARFAESI Act, if the
borrower fails to comply with the notice, the Bank may:Solution
1. Take possession of the security for the loan 2. Sale or lease or assign the right over the security 3. Manage the same or appoint any person to manage the same The SARFAESI Act also provides for that establishment of Asset Reconstruction Companies (ARCs) regulated by RBI to acquire assets from banks and financial institutions. The Act provides for sale of financial assets by banks and financial institutions to asset reconstruction companies (ARCs).
A shopkeeper marked an item Rs. 6,000 above its cost price. After giving a discount of 40%, the shopkeeper still made a profit of Rs. 2,400. Find the pr...
- A shopkeeper marked an item 50% above its cost and offered a 30% discount. If the item is sold at Rs. 3,150, then what is the profit?
If a product originally priced at Rs 80 is on sale for 20% off, what is the sale price?
The ratio of the cost price and selling price of a product is 3:2. If the product was marked up by 50% and later a discount of Rs. 500 was applied, dete...
- A vendor got some mangoes at Rs. 200 per dozen and sold them at Rs. 22 per piece. He sold 7 dozen mangoes in all. Determine the total profit he made.
A shopkeeper sold an article for Rs. 300 after offering a discount of 80%. If he earned a profit of 50%, then find the ratio of cost price to the marked...
Rohan bought a motor-cycle at a discount of 13(1/3) % on MRP. He earned half the amount of his CP by renting it for 400 days. After that he resells it ...
A toy is sold for Rs. 900 at 50% profit when profit is calculated on selling price. Find the profit% on cost price?
The marked price of a product is Rs.240 more than the cost price. If 15% discount offered on the marked price and the profit percent on that product is ...
A trader sets the price of an item 25% higher than its cost price. He then offers two successive discounts of 20% and 10%, and finally sells it for Rs. ...
