Multiple choice

A worker C is allowed time of 50 hours for completion of the job and the hourly rate is Rs. 10. The actual time taken by the worker is 40 hours. Calculate wages under Rowan Plan.

  1. Rs. 480

  2. Rs. 450

  3. Rs. 475

  4. Rs. 460

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A Correct answer
Explanation

 It is Rs 480  Rowan Premium Bonus -   Standard Rate ( Time Taken +   Time Saved     X  Time Taken  )                                                         Time Allowed    =  10 (  40 + 10  X 40 )                         50   = 10 ( 40 + 400 )                    50 = 10 ( 40 + 8 ) = 10 X 48 = Rs 480

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