Question
A dishonest dealer claims to sell goods at cost price
but uses a false weight of 900g instead of 1kg. What is his profit percentage?Solution
Let the cost price of 1kg be 100. The dealer sells 900g for 100, so his effective cost for 900g is 100 × 900/1000 = 90 Profit = 100 - 90 = 10 Profit percentage = 10/90 × 100 ~ 11.11%
Legal responsibility of a fiduciary to safeguard assets of beneficiaries is termed as?
What term applies to conditions that must be met before the insurer’s obligations arise?Â
The part of the policy that is specific to each insured individual is:
Insurance companies that band together as self-insurers and form an organization that is chartered and licensed as an insurer in at least one state to h...
Which of the following bank is not involved in housing finance to general public?
A person named in a life insurance contract to receive the benefits of the policy if other named beneficiaries are not living is referred as ________.
Insurance is, thus, a financial tool specially created to reduce the financial impact of unforeseen events and to create______.
What is coverage for flood damage is available from the federal government under the National Flood Insurance Program but is sold by licensed insurance ...
What is called when insurance contract comes into existence when one party makes an offer or proposal of a contract and the other party accepts the prop...
Which among these is not a type of General Insurance plans?
I. Motor Insurance
II. Marine Insurance
III. Health Insurance
Relevant for Exams:
