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Q. How much is the profit of the insurance company if:
I. premiums received = 80,000
II. claims by policy holders = 50,000
III. interest on investments = 5,000
IV. administration costs = 10,000
(A) 20,000
(B) 25,000
(C) 45,000
(D) 50,000
The answer is: (B) 25,000
80,000+5,000-50,000-10,000=25,000
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