A house valued at ₹ 8,00,000 is insured at 75% of its value. If the rate of premium is 0.80%, find the premium paid by the owner of the house. If agent's commission is 9% of the premium, find agent's commission.

Q.6 (A) (i) A house valued at ₹ 8,00,000 is insured at 75% of its value. If the rate of premium is 0.80%, find the premium paid by the owner of the house. If agent's commission is 9% of the premium, find agent's commission.

Doubtly Asked 28 Oct 2026 Board exam · March 2025 hsc 12th Save WhatsApp Report

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Answer: Premium = ₹ 4,800; agent's commission = ₹ 432

Insured value \(=\frac{75}{100}\times8{,}00{,}000=₹\ 6{,}00{,}000\)

Premium \(=\frac{0.80}{100}\times6{,}00{,}000=₹\ 4{,}800\)

Agent's commission \(=\frac{9}{100}\times4{,}800=₹\ 432\)

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

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A house valued at ₹ 8,00,000 is insured at 75% of its value. If the rate of premium is 0.80%, find the premium paid by the owner of the house. If agent's commission is 9% of the premium, find agent's commission.

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