Post Utme Summit University 2017 Commerce Question 34
Practice objective / multiple choice question 34 from the 2017 Post Utme Summit University Commerce examination.
A company's insurance policy covers losses due to fire, theft, and natural disasters. The policy has a deductible of ₦50,000 and a premium of ₦200,000 per annum. Calculate the expected loss ratio for the company, assuming an average annual loss of ₦150,000.
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About This Question
This is Post Utme Summit University 2017 Commerce Question 34. It is one of the objective questions from the 2017 Post Utme Summit University Commerce examination.
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