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Contract Act Section 18. “Misrepresentation” defined. “Misrepresentation” means and includes—(1) the positive assertion, in a manner not warranted by the information of the person making it, of that which is not true, though he believes it to be true; (2) any breach of duty which, without an intent to deceive, gains an advantage to the person committing it, or any one claiming under him; by misleading another to his prejudice, or to the prejudice of any one claiming under him; (3) causing, however innocently, a party to an agreement, to make a mistake as to the substance of the thing which is the subject of the agreement.
The combined cost price of two items, A and B, is ₹1,120. Item A is marked up by 25%, and item B by 40%. Both are sold with a 10% discount on their ma...
A shopkeeper sold 46 articles for Rs.6240 and suffered a loss of 16%. How many articles should he sell for Rs. 9360 to earn a profit of 26%?
The cost price of a laptop and a smartphone is Rs. 60,000 and Rs. 30,000, respectively. The shopkeeper sold the smartphone and the laptop at a loss of 1...
A shirt is marked 20% above the cost price and sold after a discount of Rs.100 at Rs.476. Find the cost price of the shirt.
The initial item has a markup and discount percentage both set at 15%, with a selling price of Rs. 1955. If a discount of 10% is applied to the same ite...
An article with a cost price of Rs. 400 is marked up by 40% above its cost price and sold after a discount of 15%. Calculate the ...
Each of the articles is marked 80% above its cost price and a 30% discount was given on it while selling. The selling price of article A is Rs. 126 less...
A Washing Machine was sold with two successive discounts of 12% and 20%. If it had been sold with a single discount of 32%, there would have been a lo...
Kapil and Samar sold their horses at Rs 2,420 each but Kapil incurred a loss of 20%, while Samar gained 10%. What is the ratio of the cost price of the ...
The ratio of the cost price to the marked price of an article is 3:5 and the ratio of the profit percentage to the discount percentage is 5:2. Find the...
