Question

5. a) A business company made a profit of Rs 24,00,000 in the last year. The management decided to distribute 20 % bonus from the profit to its 30 employees.

( i ) Find the bonus amount received by each employee.

(ii) By what percent should the bonus be increased so that each employee can receive Rs 20,000?

(iii) What should be the profit of the company so that it can provide Rs 20,000 to each employee at 20 % bonus?
​

Answer 1

1.Rs.16000

2.Bonus rate:25%

3.profit:Rs.3000000

Step-by-step explanation:

Case 1

Profit=Rs.2400000

Bonus Rate:20%

No.of employees =30

Now,

Bonus = (Bonus Rate of Profit) / no. Of employees

= 20% of Rs.2400000 / 30

= Rs. 16000

Case 2

Bonus=Rs.20000

Profit=Rs.2400000

Bonus rate=?

Now,

Bonus=bonus rate of profit / no. Of employees

Or,Rs. 20000 = Bonus rate × Rs. 2400000/30

Or, Rs. 20000=Bonus rate × Rs. 80000

Or,Rs.20000/Rs.80000 = Bonus rate

Bonus rate = 1/4=25%

Case 3

Bonus=Rs.20000

Bonus Rate = 20%

Now,

Bonus = bonus Rate of profit / no.of employees

Or, Rs. 20000 = 20% × Profit / 30

Or, Rs. 20000 × 30 / 0.2 = profit

Profit= Rs. 3000000

I hope it helped you

Answer 2

a) = Rs 16000

b) = 5%

c) = Rs 30,000,000

10% = 24,000,00/10 = Rs 240,000

20% = 240,000 x 2 = Rs 480,000

480,000/30 = Rs 16000

b) The bonus percentage needs to be increased by 5%

Step-by-step explanation:

Since every worker needs Rs 20000 we need to times it by 30

20000 x 30 = Rs 600,000

600,000 - 480,000 = Rs 120,000

Now we need to find the percentage of Rs 120,000

10% = Rs 240,000

5% = 240,000 divide by 2 = Rs 120,000

This is the best I can do for now please let me know if you understood the answer!