Question
2000 factories require a Sum Insured of Rs.10 crores
each. Statistically, we know that 2 factories get destroyed by fire each year. However, we do not know which two . So, if the losses are to be paid for by all of the 2000 factory owners, what should be the contribution by each factory owner by way of pure premium?Solution
Total annual loss: Rs. 10 crores * 2 factories = Rs. 20 crores Contribution per factory: Rs. 20 crores / 2000 factories = Rs. 10,000 Therefore, the contribution by each factory owner by way of pure premium is Rs. 10,000. Â
A mixture contains milk and water in the ratio of 3:2 respectively. If 34 litres of milk and 34 litres of water are added to this mixture, then respecti...
- Milk and water are in the ratio 3:4. After adding 9 litres of milk and 8 litres of water, the ratio becomes 5:6. Find the initial quantity of the mixture.
A vessel contains 320 litres of milk and water in the ratio of 5:3. If 10 litres of milk is added to the mixture, then find the ratio of milk to water i...
Quantity of milk is 55% more than that of water in 204 litres mixture (milk + water). If 24 litres milk is added, then find the quantity of milk in the ...
In a Glass there is 520 ml of a mixture composed of juice and water in a ratio of 17:9. If 'y' ml of juice and 'y + 60' ml of water are added to this mi...
A mixture contains ‘x’% milk. 20% of this mixture is taken out and is replaced with same quantity of water. This procedure is repeated two more time...
In a blend of 183 liters consisting of juice and honey, the quantity of juice exceeds that of honey by 69 liters. When two-third of the mixture is subst...
Rice at Rs 80/kg is mixed with rice at Rs.40/ kg in a certain ratio such that by selling the mixture at Rs.60/ kg profit of 20% is made. If the quantity...
A jar contains a mixture of milk and water in the ratio 2:3, respectively. If 3-litres of the mixture is taken out, then the quantity of water left in t...
A 60-litre mixture of milk and water is in the ratio 3:2. How much water should be added to make water 70% of the new mixture?
