Question

Miraj of Meerut consigned goods costing Rs.20,000 to Giri of Hyderabad on consignment basis. Miraj paid carriage and cartage Rs.200 and insurance Rs.300. On the way, 1/5th of the consignment was lost by fire and the insurance company admitted claim to the extent of Rs.3,000. Ascertain the amount of abnormal loss and the actual loss incurred to him after the claim.​

Answer 1

Answer:

Amount of abnormal loss

cost of goods = 20000×1/5=4000

(+) expenses =500/1/5 =100

=4100

Actual loss aftwr receiving claim from insurance company 4100-3000=1100