Refer to the data table below and answer the following question.
Number of employees Annual salary (in lakhs) Bonus as percent of annual salary
Manager 3 36
Executive 4 12
Trainee 3 4
What is the average bonus (in rupees) per employee?
- A6960000
- B173333
- C220000
- D696000
Solution & Step-by-step Explanation
Let's calculate the total bonus given to each category of employees.
Managers:
Number of Managers = 3
Annual Salary per Manager = Rs 36 lakhs
Bonus per Manager = 50% of 36 lakhs=18 lakhs
Total Bonus for Managers = 3×18=54 lakhs
Executives:
Number of Executives = 4
Annual Salary per Executive = Rs 12 lakhs
Bonus per Executive = 30% of 12 lakhs=3.6 lakhs
Total Bonus for Executives = 4×3.6=14.4 lakhs
Trainees:
Number of Trainees = 3
Annual Salary per Trainee = Rs 4 lakhs
Bonus per Trainee = 10% of 4 lakhs=0.4 lakhs
Total Bonus for Trainees = 3×0.4=1.2 lakhs
Total Bonus given by company:
Total Bonus=54+14.4+1.2=69.6 lakhs=Rs 69,60,000
Total number of employees:
Total Employees=3+4+3=10
Average bonus per employee:
Average Bonus=
Total Employees
Total Bonus
=
10
69,60,000
=Rs 6,96,000
Managers:
Number of Managers = 3
Annual Salary per Manager = Rs 36 lakhs
Bonus per Manager = 50% of 36 lakhs=18 lakhs
Total Bonus for Managers = 3×18=54 lakhs
Executives:
Number of Executives = 4
Annual Salary per Executive = Rs 12 lakhs
Bonus per Executive = 30% of 12 lakhs=3.6 lakhs
Total Bonus for Executives = 4×3.6=14.4 lakhs
Trainees:
Number of Trainees = 3
Annual Salary per Trainee = Rs 4 lakhs
Bonus per Trainee = 10% of 4 lakhs=0.4 lakhs
Total Bonus for Trainees = 3×0.4=1.2 lakhs
Total Bonus given by company:
Total Bonus=54+14.4+1.2=69.6 lakhs=Rs 69,60,000
Total number of employees:
Total Employees=3+4+3=10
Average bonus per employee:
Average Bonus=
Total Employees
Total Bonus
=
10
69,60,000
=Rs 6,96,000