Question
Under the Consumer Protection Act, 2019, who among the
following is not a consumer?Solution
As per Section 2(7) of the Consumer Protection Act, 2019, a consumer is a person who buys goods or hires/avails services for consideration and for personal use, not for resale or commercial purpose. So, commercial buyers are excluded from the definition of "consumer", except for self-employed individuals using goods for livelihood, which is a special exception.
A shopkeeper purchased three items 'M', 'N', and 'O' at the same price. He sold item 'M' at a 25% profit, item 'N' at a 20% loss, and item 'O' at a 35% ...
A man lost one-fourth of his initial amount in the gambling after playing three rounds. The rule of Gambling is that if he wins he will receive Rs. 1000...
A company produces two products, A and B. The cost of production for product A is ₹120 and for product B is ₹80. If the selling price for product A ...
- A sofa set was sold for Rs. 63,000 at a 10% loss. If it were sold for Rs. 75,600, what would be the profit percentage?
The cost price of two dozen bananas is Rs. 48 after selling 9 bananas at the rate of Rs. 18 per dozen, the shopkeeper reduced to rate of Rs. 12 per doze...
A man lost 15% by selling a mobile for Rs.4,675. What will be his gain percentage by selling it for Rs.6,050?
14% more is gained by selling a spectacles for Rs. 4288 than by selling it for Rs. 4113. Find the cost price of the spectacles.
A merchant employs an inaccurate weight of 800 grams instead of 1 kg when selling sugar. If he labels the sugar's price as 20% higher than its cost pric...
A table is sold at 32% profit after giving a discount of 34% on the marked price. If the marked price of the table is Rs. 3,000, then find the cost pric...
Marked price of an article is 1.45 times of cost price. Selling price is Rs. 1500.Find the discount percentage if profit percentage is 25%
Relevant for Exams:
