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?

A Tk. 30,000
B Tk. 2,80,000
C Tk. 1,04,000
D Tk. 80,000

Correct Answer: Tk. 80,000

Minimum damage ≡ 50000 TK Payment above minimum damage ≡ 56000 - 50000 = 6000 TK Here,  20% of the rest of the damage ≡ 6000 TK So, total or 100% of the rest of the damage ≡ 6000 x 100 / 20 = 30000 TK So, total damage amount ≡ 50000 + 30000 = 80000 TK.
Bissoy MCQ
#গণিত #Standard Bank Ltd #Standard Bank Ltd - Officer - 2006

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