A shop worth 25000 and insured for 95 % of its value . How much would the owner get in case of any mishapening? Answer correctly and i will mark you as the brainliest
Answers
Answer:
Hence the owner will get Rs 23,750 in case of mishappening.
Answer
To convert the percentage of a number, we just need to use the formula such as:
Q% of Number = Y
Q is the percentage number.
If we remove the percentage symbol %, then we need to use the above formula that is;
⇒P100×Number=Y
For example: - to find the 60% of 55 we can rewrite 60% as 60100and now we will multiply it with the number 55.
⇒55×60100
⇒3300100
⇒33
Hence we can say that 60% of 55 is 33.
The percentage is widely used in many areas like in the discount shop, in the bank, calculating interest, and in statistics.
Complete step by step solution:
The total amount of shop =25,000
The shop is insured with 95% of its value
Thus we can rewrite 95% in the fraction form as 95100. Here in the fraction the denominator 100 represents %.
The total amount that is insured=total amount of shop ×95%
⇒25,000×95
⇒25,000×95100
⇒250×95
⇒23,750
Hence the owner will get Rs 23,750 in case of mishappening.