Multiple Choice Questions on A software solutions company Adysoft ltd plans a salary cut for all its employees The current stren........... for Mathematics - All Exams Preparation

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Indian Economy - Understanding the basics of Indian economic system

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    A software solutions company Adysoft ltd. plans a salary cut for all its employees. The current strength of the company is 1600. 65% employees take away Rs. 40,000 per month each, 22.5% employees take away Rs. 25,000 per month each and 12.5% employees take away Rs. 15000 per month each. If all the employees have to suffer a 10% cut from the salary for a month. What is the salary cut of the whole company for 1 month? 

    Rs. 53.6 × 104

    Incorrect Answer

    Rs. 563 × 105

    Incorrect Answer

    Rs. 536 × 104

    Correct Answer

    Rs. 5.36 × 103

    Incorrect Answer
    Explanation:

    Let the total salary be 'S' and can be calculated as follows.
    ∴   S = 12.5% of 1600 × 15000 + 22.5% of 1600 × 25000 + 65% of 1600 × 40000
    = 5 × 40 × 15000 + 9 × 40 × 25000 + 13 × 80 × 40000
    = 40 × 1000 (75 + 225 + 1040)
    = 4 × 104 × 1340 = 5360 × 104
    ∴   Salary cut will be = (10/100) × S = 536 × 104


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