Question
A dealer bought a commodity for Rs. 'w'. He marked it up
by Rs. 1,800 over the cost and disposed of it after two successive discounts of 5% and 25%. What was the selling price of the commodity if the dealer profited Rs. 450 from this sale?Solution
ATQ, Marked price of the commodity = Rs. (w + 1800),
As per the Consumer Protection Act, 1986, who cannot be classified as a consumer?
Which among the following principle states about the Individual who should be benefitted from the insured item?
The first motor vehicle insurance policy was issued in the UK in:
Third-Party Administrators (TPAs) are primarily involved in:
An environment where insurance is plentiful and sold at a lower cost, also known as a Buyer’s market is called?
A retrocessionaire is:
In case of a motor accident, the first step to be taken by the insured is to:
Which country is the first in the world to introduce the concept of Insurance Repository services?
Which of the following does NOT form a part of “Book” price calculation?
Risks for which it is difficult for someone to get insurance is called?