Question
R and S invested Rs. 1800 and Rs. 2200 respectively.
After 6 months, T joined with Rs. 2000. If R’s share in the profit is Rs. 720, find the total profit.Solution
ATQ, Ratio of R:S:T = (1800 × 12):(2200 × 12):(2000 × 6) = 18:22:10 Total ratio = 50 Total profit = (50 ÷ 18) × 720 = Rs. 2000
The result of the policyholder’s failure to buy sufficient insurance is termed as?
What is the difference between a "condition" and a "warranty" in an insurance policy?
Which amongst the following is not an insurance company functioning in India?
Which is liability coverage for contents within a renter’s residence?
A seller’s market in which insurance is expensive and in short supply is termed as?
Which bank was recently authorized by RBI to undertake the government business on behalf of RBI?
The Public Sector Insurance companies in India include:Â
Which of the following is the first life insurance company in India?
The Institute of Insurance and Risk Management (IRM) was founded in which of the following year?
The 'Insured's Declaration' form is typically filled by: