Post Utme Unilorin 2017 Commerce Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2017 Commerce Objective / Multiple Choice
Question 19 POST_UTME_UNILORIN • 2017 • COMMERCE • objective

A company's insurance policy has a deductible of ₦5,000 and a coinsurance clause of 80%. If the company suffers a loss of ₦100,000, what is the amount that the insurance company will pay?

Answer Options

A. ₦60,000
B. ₦70,000
Correct Answer C. ₦80,000
D. ₦90,000
Correct Answer
C
Correct Option:
₦80,000

About This Question

This is Post Utme Unilorin 2017 Commerce Question 19. It is one of the objective questions from the 2017 Post Utme Unilorin Commerce examination.

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