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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?

  1. A
    6960000
  2. B
    173333
  3. C
    220000
  4. D
    696000

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

Practice this question

Try it yourself before checking the explanation above.

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?
A
6960000
B
173333
C
220000
D
696000

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