Question
In a company, the average salary of 30 employees is
₹40,000. Out of these, the average salary of 20 employees is ₹35,000, and the average salary of 5 other employees is ₹50,000. What will be the average salary of the remaining employees if a new employee is hired with a salary of ₹80,000?Solution
Total salary of total 30 employees = 30×40,000 = 12,00,000 Total salary of 25 employees in these employees = 20×35,000 + 5×50,000 = 7,00,000 + 2,50,000 = 9,50,000 Remaining salary of 5 employees = 12,00,000 – 9,50,000 = 2,50,000 When a new employee is hired then total salary of 6 employees = 2,50,000 + 80,000 = 3,30,000 Average salary of remaining 6 employees = 3,30,000/6 = 55,000
Which process is being referred to in the above passage?
Small Finance Banks’ (SFB) major goal is to promote and provide banking services to the underbanked and underprivileged segments of society, the prope...
Under PMKVY, what is the maximum monetary reward a trainee can receive upon successful certification?
Which of the following accounting rules can roughly estimate how many years a given sum of money must earn at a given compound annual interest rate in o...
What is a 'balloon payment'?
How many Free Trade Agreements (FTAs) did India sign between 2021 and 2024?
How much was raised through IPOs by SMEs in 2023-24, as per SEBI Annual Report 2023-24?
Cost of capital is lowest in case of debt due to which of the following:
Financial product under IFSCA Act 2019 does not include
What is the primary goal of implementing expansionary fiscal policy during a recession?