Question
The Credit guarantees are on risk sharing basis, which
implies thatSolution
A credit guarantee is a form of insurance that helps to protect the interests of a seller from the chance of non-payment by a buyer. This type of coverage is often utilized when goods are imported, affording the exporter a degree of protection that would be difficult to achieve otherwise. In some cases, this type of guarantee is extended through a governmental organization. At other times, the credit guarantee is made available through banks that manage import and export transactions. The exact structure of a credit guarantee depends on the governmental regulations that govern the transaction. In a situation where both the buyer and the seller are located in the same nation, it is not unusual for this type of coverage to be issued in what is known as a letter of guarantee. This is simply a legal document that affirms that if the buyer fails to tender the agreed-upon compensation for a purchase, that the insurer will honour the debt. A letter of guarantee may be in the form of a personal guarantee provided by an interested third party, or by a financial entity that has extended a line of credit to the buyer.
A bicycle shop sold 150 bicycles in January and 180 in February. The cost price of each bicycle is ₹2,500. If the shop offers a discount of 10% on the...
A book was sold for Rs. 250.90, earning a profit of 18%. If the selling price had been Rs. 230.40 instead, what would have been the profit or loss perce...
A shopkeeper has some toys. He sells two-third of the toys at a profit of 35% and the remaining toys at 10% loss. What is his overall percentage of profit?
A retailer increased the price of a gadget by 35% relative to its cost price. If the gadget is sold at a 25% discount, determine the retailer's gain per...
Two cycles were sold at 1499 Rs each. First was sold at 25% profit and second at 25% loss. Find the overall profit or loss.
Anil sold 12 cameras at a loss of 10%. If he had sold all the cameras for Rs. 1440 more, his overall profit would have been 20%. What is the cost price ...
Article A is sold at a loss of 33.33% of its selling price, and Article B is sold at a profit of 40% of its cost price. Both articles are sold for the s...
- In triangle XYZ, a point M lies on YZ such that ∠XMY = ∠XMZ. Given XY = 54 cm, XZ = 36 cm, and YZ = 30 cm, find the length of YM.
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...
- The marked price of a clothing item is 160 percent of its cost price. If a 10% discount is given at the time of sale, calculate the profit percentage.