Question

4.
A man purchased a scooter for Rs. 20000 and got it insured for 80%
of its value. The scooter was totally destroyed in an accident and the
insurance company compensated him for only 80% of the claim. What
was the loss suffered (in %)?​

Answer 1

now simple

the insurance value is 20000×80%

=16000

so he got 16000 as insurance Vale

now important it is given 80% on insurance value not on scooter value

so he got claim of 16000×80%=12800 as claim

Answer 2

Answer:

Loss percentage is 36%.

Step-by-step explanation:

Given:

Cost of Scooter = Rs. 20000

Percentage of the value that is insured = 80%

Percentage of claim that insurance company compensated  = 80%

To find: Loss suffered in percentage

Value of scooter that insured = 80/100 × 20000 = Rs. 16000

Value of claim that company compensate = 80/100 × 16000 = Rs. 12800

Loss money = 20000 - 12800 = Rs. 7200

Loss % = 7200/20000 × 100 = 36%

Therefore, Loss percentage is 36%.