3. A warehouse valued at Rs.40,000 contains
goods worth Rs.240,000. The warehouse is
insured against fire for Rs.16,000 and the
goods to the extent of 90% of their value.
Goods worth Rs.80,000 are completely
destroyed, while the remaining goods are
destroyed to 80% of their value due to a
fire. The damage to the warehouse is to the
extent of Rs.8,000. Find the total amount
that can be claimed.
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Step-by-step explanation:
Given A warehouse valued at Rs.40,000 contains goods worth Rs.240,000. The warehouse is insured against fire for Rs.16,000 and the goods to the extent of 90% of their value. Goods worth Rs.80,000 are completely destroyed, while the remaining goods are destroyed to 80% of their value due to a fire. The damage to the warehouse is to the extent of Rs.8,000. Find the total amount that can be claimed.
- So a ware house cost is Rs 40000 and it has goods worth about 2,40,000.. So this property value.Now the partial insurance is Rs 16,000 against fire. So goods worth 80,000 were completely destroyed and remaining 80% due to fire. So there is a loss.
- We need to find the total amount that can be claimed.
- So value of warehouse is Rs 40,000
- The insured value is Rs 16,000
- So loss of warehouse was Rs 8,000
- Therefore claim will be = loss x insured value / policy value
- = 8000 x 16,000 / 40,000
- = 3,200
- So for the warehouse Rs 3,200 can be claimed.
- Now value of goods = Rs 2,40,000
- 90% of the goods was insured = 90/100 x 2,40,000
- = 2,10,000
- Now we need to find the loss.
- So complete loss was Rs 80,000
- Therefore remaining loss will be = (2,40,000 – 80,000) x 80 /100
- = 1,28,000
- So total loss of goods = 80,000 + 1,28,000
- = 2,08,000
- Therefore claim will be = 2,08,000 x 2,16,000 / 2,40,000
- = 1,87,200
- Now the total amount that can be claimed will be = 1,87,000 + 3200
- = Rs.1,90,400
Reference link will be
https://brainly.in/question/20831777
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