Multiple choice

The labour turnover rates for the year ended 31st March, 2010 are 10%, 5% and 3% respectively under' Flux method', 'Replacement method 'and ' Separation method'. If the number of workers replaced during the given period is 60, find out the average number of workers.

  1. 1,000

  2. 1,100

  3. 1,200

  4. 1,150

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

  Calculation of average number of workers -  Labour Turnover Rate - Replacement Method   =   Number of replacements  X  100                                                Average number of workers                     Let the average number of workers be y                              5   =      60  X 100                                              y                             5y =  6,000   So y = 6000 / 5 = 1,200 average number of workers

Keep practicing — related questions