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Commerce · Q83

Insurance

Graduate and Post Graduate · Commerce · question 83

Q83

Of 400 houses costing each Rs.20, 000 if on an average 4 houses are damaged in fire causing a total loss of Rs80,000 what should be the annual contribution of each house owner.

A.
Rs.800
B.
Rs.200
Answer
C.
Rs.100
D.
Rs.400

Answer: Option B

Solution

Answer: Option B
Solution:
Of 400 houses costing each Rs.20, 000 if on an average 4 houses are damaged in fire causing a total loss of Rs.80,000, Rs.200 should be the annual contribution of each house owner.