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Physics Chemistry

Engineering :: Industrial Engineering

  A factory is insured for 80% of its value at 5/12%. The premium is Rs. 500. What is the total value of the house?
[A]. Rs. 120,000[B]. Rs. 150,000
[C]. Rs. 180,000[D]. Rs. 220,000
[E]. Rs. 240,000    

Answer: Option B
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