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O-LevelCommerceInsurance7100/12 · May/June 2025 · Q291 Mark

A business wants to insure stock valued at $60000. The premium quoted by an insurance company is $1 per $200 value. What is the premium paid by the business to insure its stock?

A$200
B$201
C$300
D$60 200

✓ Correct answer

C: $300

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About this question

Topic
Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, May/June 2025 Paper 1 Variant 2, question 29.

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