O-LevelCommerceInsurance7100/12 · May/June 2019 · Q271 Mark

The following information concerns an insurance company. $m administration costs 10 claims by policy holders 50 interest on investments 5 premiums received 80 How much is the profit of the insurance company?

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A$5 m

B$25 m

C$40 m

D$70 m

✓ Correct answer

B: $25 m

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Topic: Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2019 Paper 1 Variant 2, question 27.

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