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    • Question

      In a company of 36 employees, the average salary is

      ₹55,000. One employee earning ₹52,000 resigns, and 4 new employees with an average salary of ₹58,000 join. When the CEO’s salary is also added, the average salary becomes ₹57,000. What is the CEO’s salary?
      A ₹1,18,000 Correct Answer Incorrect Answer
      B ₹1,22,000 Correct Answer Incorrect Answer
      C ₹1,24,000 Correct Answer Incorrect Answer
      D ₹1,20,000 Correct Answer Incorrect Answer
      E ₹1,26,000 Correct Answer Incorrect Answer

      Solution

      Initial total salary = 36 × 55000 = ₹19,80,000
      Salary of 4 new employees = 4 × 58000 = ₹2,32,000 Let the CEO’s salary be ‘y’
      New total salary without CEO = 1980000 - 52000 + 232000 + y = (21,60,000 + y)
      New total number of people = 36 - 1 + 4 + 1 = 40
      New total salary = 40 × 57000 = ₹22,80,000
      So, CEO’s salary = 2280000 - 2160000 = ₹1,20,000

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