A fire occurred on 1st February 2006 in the premises of Pioneer Ltd. a retail s

A fire occurred on 1st February 2006 in the premises of Pioneer Ltd. a retail store and business was partially disorganised upto 30th June 2006.
The company was insured under a loss of profits for Rs. 125000 with a six months period indemnity. From the following information compute the amount of
claim under the loss of profit policy.
Rs.
Actual turnover from 1st February to 30th June 2006 80000
Turnover from 1st February to 30th June 2005 200000
Turnover from 1st February 2005 to 31st January 2006 450000
Net Profit for last financial year 70000
Insured standing charges for last financial year 56000
Total standing charges for last financial year 64000
Turnover for the last financial year 420000
The company incurred additional expenses amounting to Rs. 6700 which reduced the loss in turnover. There was also a saving during the indemnity period
of Rs. 2450 in the insured standing charges as a result of the fire.
There had been a considerable increase in trade since the date of the last annual accounts and it has been agreed that an adjustment of 15% be made in
respect of the upward trend in turnover