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The price of a car is Rs. 4,50,000. It was insured to 80% 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?
  • a)
    Rs.1,76,375
  • b)
    Rs.3,24,000
  • c)
    Rs.1,82,150
  • d)
    Rs.1,26,000
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
The price of a car is Rs. 4,50,000. It was insured to 80% of its price...
D. Rs.1,26,000 Explanation: 4,50,000*( 80/100)*(90/100)= 324000
450000 – 126000 = Rs.1,26,000
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Most Upvoted Answer
The price of a car is Rs. 4,50,000. It was insured to 80% of its price...
Given:
Price of the car = Rs. 4,50,000
Insured to 80% of its price = 80% of 4,50,000 = Rs. 3,60,000
Insurance company paid 90% of the insurance = 90% of 3,60,000 = Rs. 3,24,000

To find:
Difference between the price of the car and the amount received

Solution:
Difference = Price of the car - Amount received
Price of the car = Rs. 4,50,000
Amount received = Rs. 3,24,000

Difference = 4,50,000 - 3,24,000
Difference = Rs. 1,26,000

Therefore, the difference between the price of the car and the amount received is Rs. 1,26,000.
Community Answer
The price of a car is Rs. 4,50,000. It was insured to 80% of its price...
D. Rs.1,26,000 Explanation: 4,50,000*( 80/100)*(90/100)= 324000
450000 – 126000 = Rs.1,26,000
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The price of a car is Rs. 4,50,000. It was insured to 80% 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?a)Rs.1,76,375b)Rs.3,24,000c)Rs.1,82,150d)Rs.1,26,000Correct answer is option 'D'. Can you explain this answer?
Question Description
The price of a car is Rs. 4,50,000. It was insured to 80% 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?a)Rs.1,76,375b)Rs.3,24,000c)Rs.1,82,150d)Rs.1,26,000Correct answer is option 'D'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about The price of a car is Rs. 4,50,000. It was insured to 80% 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?a)Rs.1,76,375b)Rs.3,24,000c)Rs.1,82,150d)Rs.1,26,000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The price of a car is Rs. 4,50,000. It was insured to 80% 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?a)Rs.1,76,375b)Rs.3,24,000c)Rs.1,82,150d)Rs.1,26,000Correct answer is option 'D'. Can you explain this answer?.
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