Net Loss =Rs. 48,000, Goods saved Rs. 12,000,
Amount of the insurance policy was Rs. 40,000.
Calculate the amount of Claim.
Answer:
Rs. 48,000
O Rs. 40,000
O Rs. 32,000
O Rs. 12,000
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Explanation:
Net Loss =Rs. 48,000
Goods saved Rs. 12,000,
Amount of the insurance policy was Rs. 40,000.
Loss = Value of Stock - value of salvage
12,000 = Value of Stock - 48,000
=> 60,000 = Value of Stock
The amount of Claim:
=> 40,000/ 60,000 × 48,000
=> 32,000
The amount of Claim = Rs. 32,000
Therefore, (Option) Rs. 32,000
The amount of Claim = Rs. 32,000
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