A business company made a profit of Rs. 24,00,000 in the last year. The management decided to distribute 20%binus from the profit to its 30 employees.
(i) Find the bonus received by each employee
(ii) By what percent should the bonus be increased so that each employee can receive Rs. 20,000.?
(iii) What should be the profit of the company so that it can provide Rs. 20,000 to each employee at 20% bonus?
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Answers
Profit = Rs. 24,00,000
Bonus = 20%
20% of Rs.24,00,000 is Rs. 4,80,000
No of employee = 30
(i) Bonus received by each employee =
Amount received by each employee is Rs. 16,000.
(ii) The bonus should be increased by 5% more. That is 25% should be given to 30 employee for the amount to become Rs. 20,000.
(iii) The profit of the company should be Rs. 30,00,000 so that each employee can get Rs. 20,000 at 20%.
Step-by-step explanation:
Profit = Rs. 24,00,000
Bonus = 20%
20% of Rs.24,00,000 is Rs. 4,80,000
No of employee = 30
(i) Bonus received by each employee =
= 480000 \div 30=480000÷30
= 16000=16000
Amount received by each employee is Rs. 16,000.
(ii) The bonus should be increased by 5% more. That is 25% should be given to 30 employee for the amount to become Rs. 20,000.
(iii) The profit of the company should be Rs. 30,00,000 so that each employee can get Rs. 20,000 at 20%.
Step-by-step explanation:
Profit = Rs. 24,00,000
Bonus = 20%
20% of Rs.24,00,000 is Rs. 4,80,000
No of employee = 30
(i) Bonus received by each employee =
= 480000 \div 30=480000÷30
= 16000=16000
Amount received by each employee is Rs. 16,000.
(ii) The bonus should be increased by 5% more. That is 25% should be given to 30 employee for the amount to become Rs. 20,000.
(iii) The profit of the company should be Rs. 30,00,000 so that each employee can get Rs. 20,000 at 20%.