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The price of a car is Rs. 3,25,000. It was insured for 85% of its price. The car was completely damaged in an accident, and the insurance company paid 90% of the insured amount. What was the difference between the price of the car and the amount received?
Correct answer: C
Explanation and memory cue
The car's price is Rs. 3,25,000. It was insured for 85% of its price, which is Rs. 2,76,250. The insurance company paid 90% of the insured amount, which is Rs. 2,48,625. The difference between the car's price and the amount received is Rs. 3,25,000 - Rs. 2,48,625 = Rs. 76,375. This matches option C, so the correct answer is C.