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The price of a car is Rs. 325000. It was insured to 85% of its price. The car was damaged completely in an accident and the insurance company paid 90% of the insurance. What was the difference between the price of the car and the amount received ?
Answer & Solution
Correct Answer:
Option
C
Amount paid to car owner = 90% of 85% of Rs. 325000
= Rs. $$\left( {\frac{90}{{100}} \times \frac{85}{100} \times 325000} \right)$$
= Rs. 248625
∴ Required difference :
= Rs. (325000 - 248625)
= Rs. 76375
= Rs. $$\left( {\frac{90}{{100}} \times \frac{85}{100} \times 325000} \right)$$
= Rs. 248625
∴ Required difference :
= Rs. (325000 - 248625)
= Rs. 76375
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