Question

    From the information given below, calculate the sum insurable :

    Date of fire-01.03.2016

    Turnover from 01.03.2015 to 29.02.2016 - ₹ 88,00,000

    Agreed GP ratio-20%

    Special circumstances clause provided for the increase of turnover by 10%

    A ₹ 19,36,000 Correct Answer Incorrect Answer
    B ₹ 48,40,000 Correct Answer Incorrect Answer
    C ₹ 10,32,000 Correct Answer Incorrect Answer
    D ₹ 24,20,000 Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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