A shop is valued at ₹ 3,60,000 and is insured for 75% of its value. If the rate of premium is 0.9%, find the premium paid by the owner of the shop. Also find the agent's commission if the agent gets commission at 15% of the premium.

Q.5 (A) (i) A shop is valued at ₹ 3,60,000 and is insured for 75% of its value. If the rate of premium is 0.9%, find the premium paid by the owner of the shop. Also find the agent's commission if the agent gets commission at 15% of the premium.

Doubtly Asked 28 Oct 2026 Board exam · March 2026 hsc 12th Save WhatsApp Report

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Answer: Premium = ₹ 2,430; agent's commission = ₹ 364.50

Insured value \(=\frac{75}{100}\times 3{,}60{,}000=₹\ 2{,}70{,}000\)

Premium \(=\frac{0.9}{100}\times 2{,}70{,}000=₹\ 2{,}430\)

Agent's commission \(=\frac{15}{100}\times 2{,}430=₹\ 364.50\)

Doubtly AI · 28 Oct 2026 AI-verified · Oct 2026 Report

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A shop is valued at ₹ 3,60,000 and is insured for 75% of its value. If the rate of premium is 0.9%, find the premium paid by the owner of the shop. Also find the agent's commission if the agent gets commission at 15% of the premium.

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