A shop worth ₹ 80000 was insured for 90% of its value. How much would the owner get in case of any mishap?

₹ 75000

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₹ 72000

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₹ 81000

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₹ 68000

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Solution

The correct option is B
₹ 72000

Value of the shop = ₹ 80000

Insured value = $\frac{90}{100} \times$ 80000 = ₹ 72000

$∴$ The shopkeeper will get ₹ 72000 in case of any mishap.

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A shop worth ₹ 80000 was insured for 90% of its value. How much would the owner get in case of any mishap?

The correct option is B ₹ 72000 Value of the shop = ₹ 80000 Insured value = 90100× 80000 = ₹ 72000 ∴ The shopkeeper will get ₹ 72000 in case of any mishap.

The correct option is B
₹ 72000

Value of the shop = ₹ 80000

Insured value = $\frac{90}{100} \times$ 80000 = ₹ 72000

$∴$ The shopkeeper will get ₹ 72000 in case of any mishap.