Refer the below data table and answer the following Question.
Designation Number of employees Annual salary (in lakhs) Bonus as percent of annual salary
Manager 3 30 30%
Executive 8 16 20%
Trainee 4 2 20%
What is the average bonus (in rupees)?
- A5419995
- B160000
- C361333
- D126000
Solution & Step-by-step Explanation
Let's first compute the total bonus paid out across all categories in lakhs:
Managers:
Total Salary = 3×30=90 lakhs
Bonus = 30% of 90 lakhs=
100
30
×90=27 lakhs
Executives:
Total Salary = 8×16=128 lakhs
Bonus = 20% of 128 lakhs=
100
20
×128=25.6 lakhs
Trainees:
Total Salary = 4×2=8 lakhs
Bonus = 20% of 8 lakhs=
100
20
×8=1.6 lakhs
Total Bonus Calculation:
Total Bonus=27+25.6+1.6=54.2 lakhs=Rs 54,20,000
Total Number of Employees:
Total Employees=3+8+4=15
Average Bonus Calculation:
Average Bonus=
15
54,20,000
≈Rs 361333.33
Matches Option C.
Managers:
Total Salary = 3×30=90 lakhs
Bonus = 30% of 90 lakhs=
100
30
×90=27 lakhs
Executives:
Total Salary = 8×16=128 lakhs
Bonus = 20% of 128 lakhs=
100
20
×128=25.6 lakhs
Trainees:
Total Salary = 4×2=8 lakhs
Bonus = 20% of 8 lakhs=
100
20
×8=1.6 lakhs
Total Bonus Calculation:
Total Bonus=27+25.6+1.6=54.2 lakhs=Rs 54,20,000
Total Number of Employees:
Total Employees=3+8+4=15
Average Bonus Calculation:
Average Bonus=
15
54,20,000
≈Rs 361333.33
Matches Option C.