Mr. X insured his factory for 5 lakh against fire . due to fire , he suffered a loss of rs 2 lakh . How much amount he can recover from the insurance company ? Why ?
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Answer:
3 lakhs because when he insured 5 lakh against fire and due to fire he lost 2 lakhs.
So he should take 3 lakhs from the insurance company.
Explanation:
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