The price of a car is Rs. 3,25,000. 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?
Rs. 32,500
Incorrect AnswerRs. 48,750
Incorrect AnswerRs. 76,375
Correct AnswerRs. 81,250
Incorrect AnswerExplanation:
Amount paid to car owner = 90% of 85% of Rs.3,25,000
= Rs.2,48,625
Required difference = Rs. (3,25,000 – 2,48,625)
= Rs.76,375
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By: MIRZA SADDAM HUSSAIN