EPFO 2017 English Medium Solved Paper

Question : 61 of 121

Marks: +1, -0

From the information given below calculate the sum insurable
Date of fire-01-03-2016
Turnover from 01-03-2015 to 29-02-2016-Rs. 88,00,000
Agreed GP ratio-20%
Special circumstances clause provided for the increase of turnover by 10%

Rs.19, 36,000
Rs.48 ,40,000
Rs.10,32,000
Rs.24,20,000

Validate

Solution:

Insurance Income

={8800000×20}/100

=176000

176000+10%(176000)

1700000+176000=1936000

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