Question
Duties of seller and buyer are in which section of Sales
of Goods Act, 1930?Solution
Section 31 of Sales of goods Act, 1930 It is the duty to the seller to deliver the goods and of the buyer to accept and pay for them, in accordance with the terms of the contract of sale.
A shopkeeper sold a jacket for Rs. 2600 at a loss of 20%. At what price should he have sold the jacket, to earn a profit of 20%?
An item is marked at 25% above its cost price. A discount is given on the marked price, and the profit earned from selling the item is three-fifths of t...
Determine the original cost of a laptop if it was sold at a 20% profit for Rs. 24,000.
A started a retail business by investing Rs.50,000. After five months B joined him with a capital of Rs.60,000. After 2 years, they earned a profit of�...
A shopkeeper sells an article for Rs 78 and earns twice the profit that he would have earned on selling this article for Rs 50. Find the C.P of t...
- A wristwatch was sold for Rs. 720.80, making a gain of 20%. If the selling price had been Rs. 690 instead, what would have been the profit or loss percenta...
A man bought 5 articles K, L, M, N, O at Rs. 620 each. Selling prices of K,L, M,N and O were x, x+ 20, x +25, x +75, x +80 respectively. Overall profit ...
Find the cost of manufacturing each article if a manufacturer estimates that on inspection 14% of the articles he produces will be rejected. He a...
- If the total cost of 8 cups and 5 plates is Rs. 260 and the total cost of 6 cups and 4 plates is Rs. 200, then find the cost of 9 cups.
'G' labeled an item with a price tag that is 400% higher than its cost price and later sold it to 'A' at a discounted rate of 25%. This transaction resu...