Multiple choice

Refer the below data table and answer the following question. | | Number of employees | Annual salary (in Rs. lakh) | Bonus and percent of annual salary | | --- | --- | --- | --- | | Manager | 2 | 48 | 50% | | Executive | 12 | 8 | 30% | | Trainee | 1 | 4 | 10% | What is the average bonus (in rupees) per employee?

  1. 77,20,005

  2. 2,00,000

  3. 5,14,667

  4. 2,68,000
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Total bonus = (2*48*0.5) + (12*8*0.3) + (1*4*0.1) = 48 + 28.8 + 0.4 = 77.2 lakh. Total employees = 2 + 12 + 1 = 15. Average bonus = 77.2 lakh / 15 = 5.14667 lakh, which is 5,14,667 rupees.

AI explanation

First, find the total bonus for Managers by multiplying 2 employees by 48 lakh by 50 percent, resulting in 48 lakh rupees. The total bonus for Executives is 12 employees multiplied by 8 lakh by 30 percent, which equals 28.8 lakh rupees, and the total bonus for the Trainee is 1 multiplied by 4 lakh by 10 percent, equaling 0.4 lakh rupees. The sum of all bonuses is 77.2 lakh rupees. Using the average formula, divide this total bonus by the 15 total employees to get an average of 5.14666 lakh rupees per employee, which is 514667 rupees.

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