Question

Fire Insurance Claims
4. A fire occurred on 25.4.
occurred on 25.4.79 in the premises of a company. From the following
ars ascertain the amount of claim to be lodged in the case of ioss of stock
Rs.
which was insured.
Stock on 1.1.79
1,25,000
Purchases from 1.1.79 to date of fire 5,00,000
Wages
1,00,000
Manufacturing expenses
50,000
Sales from 1.1.79 to date of fire
17,50,000
nrnfit ratio is 15%. The stock salvaged was estimated at Rs. 37,500.

Answer 1

Answer:

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