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IBNR in insurance stands for "Incurred but Not Reported." It represents the estimated amount of claims that have already occurred but have not yet been officially reported to the insurance company. This is an essential concept in insurance for financial planning and setting reserves to cover potential future claims.
Find the CP, when SP = Rs. 696, Loss = 13%.
A shopkeeper marked an article Rs. 850 above its cost price and sold it after giving a discount of 30% and earned a profit of 20%. Find the cost price o...
Selling price of article ‘A’ when sold at a profit of 55% is Rs. 200 more than its selling price when sold at a loss of 45%. If the cost price of ar...
A dealer bought two washing machines at a certain amount. He sold the first washing machine at a 35% profit and the second washing machine at a 15% loss...
Cost price of a bag is Rs.820. The shopkeeper marked it 60% above the cost price and sold it after giving a discount of 25%. If the shopkeeper had sold ...
A shopkeeper bought machine at Rs. 16800 and he marked up above its purchased price and sold it to a customer at 12.5% discount on the marked price and ...
A gold ring is sold for Rs.24,400 at a loss of 60%. What is the cost price of the gold ring?
A dealer sold an article at a loss of 4%. Had he sold it for ₹120 more, he would have gained 8%. To gain 11%, he should sell the article for?