Question
In the context of Letters of Credit, which of the
following banks guarantees payment to the seller after verifying documents and fulfilling the terms of the LC?Solution
The Negotiating Bank is responsible for verifying documents submitted by the seller under the Letter of Credit and making the payment if everything is in order
A dishonest dealer professes to sell his goods at cost price, but he uses a weight of 990 gm for the kg weight. Find his gain per cent.
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A seller marked an article 50% above its cost price and sold it after allowing 10% discount. If he made a profit of Rs. 56, then find the difference bet...
A shopkeeper sold an article A at 20% gain and another article B at 20% loss. Find her overall gain or loss percent if selling price of both articles we...
- A woman bought a handbag at an 8% discount. If she had bought it at a 16% discount, she would have paid ₹1600 less. Find the market price of the handbag.
A shopkeeper sold an article after giving a discount of 20% and made a profit of Rs. 65. Find the marked price of the article if cost price of the artic...
- Arjun purchased a mobile phone and marked its price 75% higher than the cost price. He sold it after giving a 20% discount for Rs. 3600. What would be the ...
A dishonest milkman purchases some milk at Rs 20 per litre and mixes 6 litres water in it. By selling the mixture at the rate Rs 20 per litre, he earns ...
Find the profit percentage earned on a school bag if it was sold at Rs.1548 after offering a discount of 10% and the marked price of a school bag is Rs....
A bag of cost price of Rs. 8000 is marked up by a certain percentage, and a discount percent of twice the markup percent is offered on it. If there is a...
