Question
A trader marks a product 50% above its cost price and
gives a discount of 20% on the marked price. If the selling price of 4 such products is Rs. 3840, find the cost price of one product.Solution
ATQ,
Selling price of one product = 3840 / 4 = Rs. 960 So, marked price of the product = 960 / 0.80 = Rs. 1200 Cost price of the one product = 1200 / 1.5 = Rs. 800
An individual who may become eligible to receive payment due to will, life insurance policy, retirement plan, annuity, trust, or other contract is known...
In which year New India Assurance Co Ltd nationalized?
Consider the following statement:
I. NCB is given to the insured and not to the insured vehicle.
II. On transfer of the vehicle, the ...
A type of reinsurance in which the re-insurer indemnifies the ceding company for losses that exceed a specified limit is called?
Coverage for property taken or destroyed by breaking and entering the insured’s premises, burglary or theft, forgery or counterfeiting, fraud, kidnap ...
What is the purpose of a "No Claim Bonus" in motor insurance?
The Agriculture Insurance Company of India Limited was incorporated on?
What is the purpose of "reinsurance"?
The 'No Claim Bonus' is calculated based on:
A contract, such as an insurance contract, requiring that certain acts be performed if recovery is to be made is known as?
Relevant for Exams:
