What is meant by statutory interpretation?
The purpose behind interpretation is to clarify the meaning of the words used in the statutes which might not be that clear. It is the art of finding out the true sense of an enactment by giving the words of the enactment their natural and ordinary meaning. Statutory interpretation is the process by which courts interpret and apply legislation. When the language of the statute is clear, there is no need for the rules of interpretation. But, in certain cases, more than one meaning may be derived from the same word or sentence. It is, therefore, necessary to interpret the statute to find out the real intention of the statute.
A merchant marked the price of an article by increasing its production cost by 40%. Now he allows 20% discount and gets a profit of Rs. 48 after selling...
A trader marks all his goods at 60% above the costs price and offers a discount of 15% on the marked price. What is the actual profit % on...
A shopkeeper allows 20% discount on his advertised price and to make a profit of 25% on his outlay. What is the advertised price (in Rs.) on which he ga...
A watch dealer pays 10% customs duty on a watch which costs Rs.500 abroad. He desires to make a profit of 20% after giving a discount of 25% to the buye...
A manufacturer marked article at Rs. 450 and sold it allowing 30% discount. If his profit was 25%, then the cost price of the article was
...The amount spent to his family forms approximately what percent of his monthly savings?
A book is listed at Rs. 1200 and the discount offered is 10%. What additional discount must be given to bring the net selling price to Rs. 900?
A Shopkeeper marks the price of a refrigerator at Rs. 30,000/- and gives a discount of 15%. He also gives a mixer grinder worth Rs. 1,500 free with the...
Mr. Karma started a Coaching classes and for that he wanted to purchase 50 chairs for the classroom cost of which was Rs.200 each. The trader offered h...
What is the difference between the monthly amount spent by Sumit on payment of various bills and the amounts spent by him on loan instalments?
