Question
A and B together started a business by investing their
capital in the ratio of 5:9, respectively and total amount invested by them together is Rs. 1820. After 4 months, A decreased his investment by Rs. 500 and after 4 more months, B increased his investment by Rs. 100. Find the ratio of profit received by them at the end of the year.Solution
Initial investment made by A = (5/14) × 1820 = Rs. 650 Initial investment made by B = (9/14) × 1820 = Rs. 1170 Profit sharing ratio of A and B = (650 × 4 + 150 × 8):(1170 × 8 + 1270 × 4) = 5:19
A standing agreement between insurers and reinsurers. Under a treaty each party automatically accepts a specific percentage of the insurer’s business ...
The insurance in which risks are shared between multiple insurers is known as?
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...
The principle of construction ensures:
If an organization wishes to venture into Insurance Business it has to obtain a licence firstfrom which of the following ?
What is the primary purpose of facultative reinsurance?
What is the purpose of "co-insurance" in an insurance policy?
In the context of insurance, what does "exposure" refer to?
What does "subrogation" mean in the context of insurance?
Which of the following bank is not involved in housing finance to general public?
Relevant for Exams:
