alleryStart learning →A buys 1,000 tons of iron from C at Rs 80 to resell to B at Rs 100, telling C so. C defaults; no other iron exists. C owes A?
ARs 1,80,000
BRs 80,000
CRs 20,000
DRs 1,00,000
Answer & Solution
Correct answer: C. Rs 20,000
A lost a margin of Rs 20 on each of 1,000 tons, and C knew the purpose, so Rs 20,000 is payable.
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