Question

AKI-OLA publication annual income of 258,ooo

salaries Gh49,020
training Gh72,000
housing Gh60,000
entertainment Gh12,000
exigencies Gh23,020
(a) what percentage of the income is spent on salaries.
(b) what is the ratio of the amount for housing to the amount for training,

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Answer 1

(a) 19%

(b) 5:6

Explanation:

Given: Gh 258,000

salaries Gh 49,020

training Gh 72,000

housing Gh 60,000

entertainment Gh 12,000

exigencies Gh 23,020

(a) Percentage of the income spent on salaries =
`(amount of salaries)/(total income)` x 100

=
`(49020)/(258000)` x 100

= 0.19 x 100%

= 19%

The percentage of the income spent on salaries is 19%.

(b) Ratio of amount for housing to amount for training =
`(amount for housing)/(amount for training)`

=
`(60000)/(72000)`

=
`(5)/(6)`

The ratio of the amount for housing to the amount for training is 5:6