Question
Which of the following statements is true about a Letter
of Credit (LC)?Solution
LC assures the exporter that the payment will be made by the bank upon fulfillment of terms.
Monthly savings of ‘A’ is Rs. 1500 more than his monthly expenditure and his total monthly income is Rs. 4100. If his monthly income is increased by...
The marks scored by a boy in three subjects are in the ratio 2 : 3 : 4. Boy scored an overall aggregate of 75% in the exam. If the maximum marks in each...
In an election, candidate 'A' secured 56% of the total votes cast, while candidate 'B' garnered 85% of the remaining votes. Among the votes received by ...
- A number is first increased by 20% and then decreased by 20%. The overall change in number is:
A person paid his rent in advance and was supposed to get a 25% discount, but got only 22% and ended up paying Rs. 30 more. Calculate the actual rent am...
Monthly income of P is Rs.19000 and his monthly savings is Rs.9500. If his monthly income is decreased by 30% and monthly expenditure is decreased by 20...
Ramesh’s salary is first increased by 50% and then decreased by 20%. The result is the same as Suresh’s salary increased by 25% and then reduced by...
The population of a college grows by 25% annually. In 2019, the population was 24,000. By 2021, the ratio of boys to girls in the college is 7:8. What i...
A book is listed at Rs. 2,400 and the discount offered is 10%. What additional discount must be given to bring the net selling price Rs. 1,800?
Hari scored 70 marks in English. He scored 64% marks in Hindi and X marks in Maths. The maximum marks for each subject is 175. The overall percentage of...
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