What is the principle of contribution in insurance?
The principle of contribution requires that if a person has more than one insurance policy covering the same risk, then each insurer will contribute towards the loss in proportion to the sum insured.
‘A’ and ‘B’ started a business by investing Rs. 2000 and Rs. 2400, respectively. 12 months later, ‘C’ joined the business by investing Rs. 1...
Ram started a business with the capital investing Rs 6000. After 3 months Shyam also joined him, with the capital investing Rs 4000. They make a profit ...
Three partners, R, S, and K, form a partnership business with capitals in the ratio of 3:5:8. After four months, R, S, and K added Rs. 3000, Rs. 4500, a...
Mayank and Manoj started a business with investing capital in the ratio of 8:15. After 4 months, Mayank reduced his (1 )/(4 ) portion of the capital and...
A and B invest in a business in the ratio 3:5. After 8 months B leaves the business after withdrawing his investment. In the first year the business mad...
Palash invest thrice the sum invested by Vicky and withdraws half of the sum after 2 months and again withdraws half of the remaining sum after 3 months...
A and B started a business by investing Rs.400 and Rs.540 respectively. After 9 months, A increased his investment by Rs.800. Find the ratio of annual p...
‘C’ and ‘D’ started a business by investing Rs. 5000 and Rs. 3000, respectively. After 6 months, ‘C’ withdrew Rs. 2000 from his initial inve...
A and B together starts a business with investment of Rs. 800 and Rs. (x + 600), respectively. If the profit earned after 5 years is Rs.3200 and share o...
If a sum of money is to be divided among A, B, C such that A’s share is equal to thrice B’s share and B’s share is 9 times C’s share then their ...
