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Under a mortgage, the legal ownership of the asset can be transferred to the lender if the borrower defaults on the loan amount. However, the borrower continues to remain in possession of the property. A mortgage is usually used for immovable assets (example: house, land, building, or any property which is permanently fixed to the earth or attached to the land). Home loans classify as mortgages. They are given against a collateral and no guarantee is taken
A shopkeeper offers the following two discount schemes.
A) Two successive discounts of 12% and 18%
B) Buy 6 get 3 free.
Which schem...
Find the single discount rate percentage equivalent to the successive discounts of 10%, 20% and 20%.
What is the single discount equivalent to the successive discounts of 10%, 20%, and 15%?
The cost price of an article is Rs x. It is marked up by 200%. It is sold at Rs 540 after giving 25% discount. What is the value of x (in Rs)?
An item with a marked price of ₹4,000 was sold for ₹3,492 after a discount of y% was offered. What was the value of y?
A reduction of 10% in the price of sugar enables a man to buy 10 kg more for RS 300. Find the reduced price per kg of sugar.
A shopkeeper allows a discount of 12% to his customers and still gains 18%. Find the marked price of an article which costs Rs.528 to the shopkeeper. (A...
If the shopkeeper sells an item at Rs 1000 which is marked as Rs 1250, then what is the discount he is offering?
Article X whose cost price is 1800 is marked 90% above its cost price. Article Y whose cost price is 1890 is sold at a profit of 33.33%. If the selling ...
Rohan purchased an item for which there was a 13.5% discount offered on the part of the payment made in cash and a 6.25% surcharge on the part of the p...