Question
Download Solution PDFDirections: Study the below given table and answer the given question based on it.
| Year | Salary | Fuel and Transport | Bonus | Interest on Loans | Taxes |
|---|---|---|---|---|---|
| 1998 | 288 | 98 | 3.00 | 23.4 | 83 |
| 1999 | 342 | 112 | 2.52 | 32.5 | 108 |
| 2000 | 324 | 101 | 3.84 | 41.6 | 74 |
| 2001 | 336 | 133 | 3.68 | 36.4 | 88 |
| 2002 | 420 | 142 | 3.96 | 49.4 | 98 |
The total amount of bonus paid by the company during the given period is approximately what percent of the total amount of salary paid during this period?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Bonus (in lakh Rs) from 1998 to 2002: 3.00, 2.52, 3.84, 3.68, 3.96
Salary (in lakh Rs) from 1998 to 2002: 288, 342, 324, 336, 420
Formula used:
Percentage = \(\frac{\text{Total Bonus}}{\text{Total Salary}} × 100\)
Calculation:
Total Bonus = 3.00 + 2.52 + 3.84 + 3.68 + 3.96 = 16.99 lakh
Total Salary = 288 + 342 + 324 + 336 + 420 = 1710 lakh
Percentage = \(\frac{16.99}{1710} × 100\)
⇒ \(0.993\%\) ≈ 1%
∴ The correct answer is approximately 1%
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