Question

A shop worth $Rs.25,000$ was insured for $95$% of its value. How much would the owner gets in case of any mishappening?

Answer 1

Value of shop$=Rs.25,000$

Insured amount$=95\%$ of total value

$=95\%$ or $Rs.25,000$

$=\frac{95}{100}\times 25,000=95\times 250=Rs.23,750$