Question
A shopkeeper marked an article ‘A’ 40% above the
cost price and sold it for Rs. 1008 after giving a certain discount while he sold an article ‘B’ for Rs. 2184. If cost price of article ‘B’ is Rs. 1560 and profit percentage earned on selling article ‘B’ is 60% more than discount percentage given on selling article ‘A’ then find the cost price of article ‘A’.Solution
Percentage profit earned on selling article ‘B’ = [(2184 – 1560)/1560] × 100 = 40% So, percentage discount given on selling article ‘A’ = 40/1.60 = 25% So, marked price of article ‘A’ = 1008/0.75 = Rs. 1344 Cost price of article ‘A’ = 1344/1.40 = Rs. 960
Process of transferring life insurance to another person is called _____ of policy.
What is a typical generic question in an insurance proposal form?
Which of these changes would typically require an endorsement?
The maximum foreign direct investment (FDI) allowed in Indian insurance companies is:
What is the paid up capital of Life Insurance Corporation of India (LIC)?
The Indian insurance industry is governed by which of the following act ?
In case of ambiguity in policy wording, which rule is applied?
Which of the following principles of Insurance enables the insured to claim the amount from the third party responsible for the loss?
What is NOT a common express condition in an insurance policy?
A seller’s market in which insurance is expensive and in short supply is termed as?
