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This is a Latin Phrase related to the Indian Contract Act which means as much as he has earned. Further, it provides that even if there is no contract between the parties this law implies a promise to pay a reasonable amount for the labour and material provided. Such circumstances wherein someone gets a benefit while the other party gets nothing or the benefit or enrichment which one party receives as a result of the other party’s actions. Therefore, the party who has received the services is unjustly benefited and must return it to the party who provided that.
A Shopkeeper sold an article at 20% loss. If he had sold it for Rs. 420/- more, he would have made 40% profit, find the selling price of the article?
Mr. Kiran sold a bus for Rs. 18,700 at a loss of 15%. At what price should the bus be sold to get a profit of 15% ?
A shirt is marked 30% above the cost price and sold after a discount of Rs.103 at Rs.235. Find the cost price of the shirt.