Start learning 50% faster. Sign in now
ATQ,
Let the cost price of the article be Rs. '100x'
Marked price of the article = '100x' X 1.5 = Rs. '150x'
Selling price of the article = '150x' X 0.75 = Rs. '112.5x'
Profit earned on selling the article = '112.5x' - '100x' = Rs. '12.5x'
Required profit percentage = {(12.5x/100x) X 100} = 12.5%
The primary categories of insurance business in India are:
Which Insurance is a compulsory insurance plan administered by a government agency with the primary emphasis on social adequacy?
The Motor Vehicles Act, 1988 requires what document as proof of insurance?
Which of the following is NOT a duty of an insured after an auto accident covered under the Personal Auto Policy (PAP)?
The process of determining the cost of an insurance policy based on the actual loss experience determined as an adjustment to the initial premium paymen...
The Insurance Regulatory and Development Authority (IRDAI) was formed on the recommendation of which committee?
Shagun gift is an insurance policy. It has been launched by_________.
What is the main role of an insurance underwriter?
A comprehensive motor insurance policy covers:
The 'Act Only' policy covers: