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O-LevelCommerceInsurance7100/11 · Oct/Nov 2020 · Q321 Mark

The owner of a factory holding stock worth $200 000 insures the stock for $150000. A fire causes $40000 of damage. How much would the factory owner receive?

A$30000
B$40000
C$50000
D$150000

✓ Correct answer

A: $30000

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About this question

Topic
Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2020 Paper 1 Variant 1, question 32.

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