Question 1 On 12" June, 2016 fire occurred in the premises of Ahmed, a paper merchant. Most of the stocks were destroyed. Cost of stock salvaged being RO 11,200. In addition some stock was salvaged in damaged condition and the value of that stock (in damaged condition) was agreed at RO 10,500. The following particulars were available from the books of accounts. a. His stock at the close of account on 31- dec-2015 was valued at RO. 83,500 b. His purchases from 1-1-2016 to 12-6- 2016 were RO 112,000 and sales during that period was RO 154,000. The average rate of gross profit is 30% on sales. Ahmed has insured his stock at RO 60,000. Calculate the amount of claim