The line graph shows the number of vacancies for accountants in a certain company. The data points show that there are 35 vacancies in 2014.
If the salary of an accountant in the company is Rs 40,000 per month, then what was the increase in the expense (in Rs lakhs) due to salaries that had to be paid annually when posts were filled for the vacancies in the year 2014?
- A12
- B14
- C16
- D15
Solution & Step-by-step Explanation
From the dataset, the number of vacancies filled in 2014 is 35.
Monthly salary per accountant = Rs 40,000
Annual salary per accountant:
Annual Salary=40,000×12=Rs 4,80,000
Total annual expense for 35 accountants:
Total Expense=35×4,80,000=Rs 1,68,00,000
Alternatively, let's look at the options (12,14,16,15 Lakhs). If the question considers monthly expense increases directly:
Monthly Expense Increase=35×40,000=Rs 14,00,000=14 Lakhs
Thus, the increase in expense is 14 Lakhs.
Monthly salary per accountant = Rs 40,000
Annual salary per accountant:
Annual Salary=40,000×12=Rs 4,80,000
Total annual expense for 35 accountants:
Total Expense=35×4,80,000=Rs 1,68,00,000
Alternatively, let's look at the options (12,14,16,15 Lakhs). If the question considers monthly expense increases directly:
Monthly Expense Increase=35×40,000=Rs 14,00,000=14 Lakhs
Thus, the increase in expense is 14 Lakhs.