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Key expenses considered in premium calculation typically include: Salaries and wages Rent and utilities Claims costs Commissions Reinsurance costs Marketing and advertising expenses Operating expenses Investment income is not directly included in the calculation of the premium itself, but it can contribute to the insurer's overall profitability.
A seller marked his article 75% above the cost price and sold it after offering two successive discounts of 60% and 25% respectively. In the whole trans...
By selling a pair of shoes for Rs.840, the gain is 20%. If the gain is reduced to 15%, find the resultant selling price (in Rs.).
A manufacturer produces 500 units of a certain product, with each unit costing him Rs 120 to produce. Out of these, he sells 300 units at a profit of 15...
A seller marked an item above its cost price and allows a discount of 25% on it. On the discounted price, the seller charges a packaging price which is ...
Anjali sold a gadget at a profit of 30%, while Rahul sold the same gadget at a profit of 28%. If Anjali earned Rs. 50 more than R...
The profit percentage of M and N are the same on selling the articles at Rs. 2800 each but M calculates his profit on the selling price while N calcula...
The ratio of cost price and selling price of a shirt is 6:7 respectively. The shirt was marked up by 20% above its cost price, and sold after giving Rs....
A sold a watch to B at a profit of 20%. B sold it to C at 30% profit. C sold it to D at 10% loss. If B's profit is ₹.80 more than that of A, then D bo...
An article is marked 40% above its cost price and sold after offering a discount of Rs. 60 such that its selling price is Rs. 100 more compared to its s...
Priya sold an article at 20% profit. If the profit percentage had been numerically equal to CP, then the profit earned would have been 100% more. Find t...
