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Question
Mr. Rahman is insured completely for Tk. 50,000 of damages to his machinery. For any damage above Tk. 50,000, the insurance company will pay Tk. 50,000 plus 20% of the rest of the damage amount. For a recent accident, Mr. Rahman was paid Tk. 56,000 by the insurance company. What was the total amount of the damage estimated?
Tk. 30,000
Tk. 2,80,000
Tk. 1,04,000
Tk. 80,000
Tk. 86,000
ANSWER : 4
Descrption
<p>Minimum damage ≡ 50000 TK</p> <p>Payment above minimum damage ≡ 56000 - 50000 = 6000 TK</p> <p>Here, 20% of the rest of the damage ≡ 6000 TK</p> <p>So, total or 100% of the rest of the damage ≡ 6000 x 100 / 20 = 30000 TK</p> <p>So, total damage amount ≡ 50000 + 30000 = <strong> 80000 TK.</strong></p>
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