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Calculate the selling price before discount: Profit = 25% of ₹12,000 Profit = 0.25 × 12,000 = ₹3,000 Selling Price = Cost Price + Profit Selling Price = ₹12,000 + ₹3,000 = ₹15,000 Calculate the discount amount: Discount = 10% of Selling Price Discount = 0.10 × 15,000 = ₹1,500 Calculate the final selling price after discount: Final Selling Price = Selling Price - Discount Final Selling Price = ₹15,000 - ₹1,500 = ₹13,500 Answer: b) ₹13,500.
A 'Cover Note' in motor insurance is:
Mortality Charge is the amount charged _____________ by the insurer
What is the Fee paid to an agent or insurance salesperson as a percentage of the policy premium?
What does the preamble of an insurance policy NOT typically include?
The Institute of Insurance and Risk Management (IRM) was founded in which of the following year?
Which of the below cannot be an intermediary?
What is the role of a surveyor in the claims process?
How many companies were merged to form the United India Insurance Company (UIIC)?
The 'Insured Declared Value' (IDV) of a vehicle refers to its:
Which of the following person is basically the representative of the customer and can sell the policies of more than one insurer?