CII 930 Practice Questions - Advanced Insurance Broking (930) Exam

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An insurance broking firm earns £800,000 in gross brokerage commission. It pays out 35% in sub-broker commissions and incurs £320,000 in direct operating expenses. What is the firm's net operating profit before tax?

£200,000 £520,000 £480,000 £160,000

Correct Answer:

£200,000

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