Question

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​

Answer 1

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