Question
What is the period of limitation given in Schedule of
Limitation Act for a Bill of exchange and a promissory note?Solution
The Schedule Item no. 31. On a bill of exchange or promissory note payable at a fixed time after date. Period of Limitation is - Three years from the date when the bill or note falls due
A person buys books at Rs. 300 for 5 and sells them at Rs.740. How many books must he sell in order to earn profit of Rs. 3,520?
A trader bought 1200 items at ₹50 each. He sold half of them at a profit of 20%, and the remaining half at a profit of 25%. Find the overall profit pe...
A man purchased some watches at Rs. 400 per watch. He sold (2/5) of them at a 20% profit. If, upon selling all the watches, he earns an overall profit o...
A shopkeeper selling an item for Rs.(a + 500), and suffered a loss of 20%. suppose he sells it for Rs.(2a – 500), he will make a profit of 20%. Find t...
A bought an article at 12% less of the marked price and sold it at 10% more than the marked price. Find the profit earned by him.
Khushi’s earnings decreased by 45% and after that subsequently increased by 45%. Find the final loss % on his earnings.
The marked price of a chair is Rs. 600. If the chair is sold after allowing successive discounts of 15% and 25%, then find the se...
- A jacket is sold after giving two consecutive discounts of 25% and 15%. If its final selling price is Rs. 3,060, find the original marked price of the jack...
- An item is sold after giving two back-to-back discounts of 25% and 10%. If its selling price comes out to be Rs. 6,075, find out the original marked price.
- The selling price, cost price and marked price of a bag are in the ratio 7:5:10. If the profit is Rs. 800, calculate the discount allowed on the marked pri...
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