Which of the following does not form the part of a Negotiable Instrument as per Negotiable Instruments Act, 1881?
A negotiable instrument is a commercial document in writing that contains an order for payment of money either on demand or after a certain time. There are of three types of Negotiable Instrument as per Negotiable Instruments Act, 1881: I. Bills of exchange II. Promissory notes III. Cheques Currency is a legal tender, guaranteed by the government to transfer value but the Negotiable Instruments have following characteristics. · It is written document signed and stamped by the maker/drawer. · It has a specific payee to whom the value is transferable. · Negotiable Instruments requires acceptance and endorsement.
Ajay buys an old desktop for Rs. 6200 and spends Rs. 400 on its repairs. If he sells the desktop for Rs. 7000, his gain percent is
Jeetu purchased an article at some price and sold it at profit of 10%, he had purchased it at 15% more and sold it at a profit of 20%, then the selling ...
After allowing a 10% discount on the marked price of an article, a dealer makes a profit of 5%. What is the marked price, if the cost price of the artic...
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 shopkeeper marked an article P% above its cost price and sold it for Rs. 748.8 after giving a discount of 28%. If the shopkeeper had a loss of 6.4% on...
A shopkeeper bought article ‘A’ for Rs. ‘x’ and marked it 20% above its cost price and sold it for Rs. 1500. Marked price of article ‘B’ is ...
Arjun sells an article at profit of 8%. If he had bought it at 5% less and sold it for ₹120 more he would have made a profit of 20%. what will be the ...
One article is sold at 16% profit while other is sold at 5% loss such that the difference between their selling prices is Rs. 126. If the cost price of ...
A trader allows two successive discounts of 20% and 10% on selling an article. If he gets 550 for that article, find its marked price.
Ajay bought a Sopha for Rs. 81000. After one year he sold it to Vikas at 20% less of his cost price. Vikas spends extra Rs. 750 for its repair....
