Question
The average salary of 36 employees (
Teachers+principals) in a School is Rs.10,375. A Principal in the School receives a salary that is 125% higher than that of a Teacher. Given that the number of Principals in the School is 40% more than the number of Teachers calculate the total salary of all the Teachers in the School.Solution
We can say that Let the number of Teachers in the School be ‘t’. So, the number of Principal in the School = 1.4t = 36 – t 2.4t = 36 t = 15 So, there are 15 Teachers and 21 Principal in the School Let the salary of a Teachers in the School be Rs. ‘s’. So, the salary of an Principal in the Scchool = Rs.2.25s According to question: 15s + 2.25s × 21 = 36 × 10375 15s + 47.25s = 373500 62.25s = 373500 s = 6000 So the salary of all the Teachers in the School together = 15 × 6000 = Rs.90,000
Which of the following statements about credit risk is incorrect?
ABC Ltd. wants to conduct a vertical analysis of its income statement. To standardise its financial data, each line item should be presented as a propor...
In variance analysis, which variance helps management identify whether quantity of materials used is efficient?
As per Section 127 of the Companies Act, 2013, in relation to punishment for failure to distribute dividends, where a dividend has been declared by a co...
A company purchases 1000 bonds of ₹100 each at ₹95 cum-interest, and the interest rate is 8% payable, annually. How much accrued interest is include...
An investment project costs ₹1,00,000 and is expected to generate cash inflows of ₹30,000 per year for 5 years. If the cost of capital is 10%, deter...
In FY 25, a company sold equipment (original cost ₹10,00,000, accumulated depreciation ₹6,00,000) for ₹4,50,000 and also purchased a new asset for...
What is the primary objective of capital budgeting?
The rate of TDS for Rent of Land and Building, Land appurtenant to a building is:
Which of the following will be considered as the long-term objective of financial management?
Relevant for Exams:
