Question
The average cost of 3 chairs is Rs. 10000. The average
cost decrease by 22% when one more chair is included. What is the cost price of the 4th chair?Solution
Total cost of 3 chairs = 10000 × 3 = Rs. 30000 Average cost of all the 4 chairs = 10000 × (78/100) = Rs. 7800 Total cost of all the 4 chairs = 7800 × 4 = Rs. 31200 Cost of the 4th chair = 31200 - 30000 = Rs. 1200
Which type of insurance can covers two or more items or location ?
General Insurance Business (Nationalisation) Amendment Act 2002 (40 of 2002) coming into force from?
A standing agreement between insurers and reinsurers. Under a treaty each party automatically accepts a specific percentage of the insurer’s business ...
Third-Party Administrators (TPAs) are primarily involved in:
In private motor insurance, separate rates apply for vehicles below and above:
Which term referring to property coverage for the perils of burglary, theft and robbery?
 A motor policy is usually valid for a period of ____ year and has to be renewed before the due date.
The Vallarpadam Terminal, which is a container trans-shipment facility, was launched in February 2011. It is a part of which among the following ports?
The 'No Claim Bonus' is calculated based on:
The 'No Claim Bonus' can be lost if:
