Question
The average salary of a group of 12 employees is Rs.
60,000. When one employee departs, the average salary of the remaining 11 employees drops by Rs. 2,000. When a new employee is added to the group, the average salary rises by Rs. 1,000. What is the difference between the salary of the employee who left and the salary of the new employee?Solution
Total salary of group = 12 x 60000 = 720000 After leaving total salary of remaining 11 = 11 x 58000 = 638000 Salary of the employee who leaves = 720000 – 638000 = 82000 After joining of new employee total salary become = 12 x 61000 = 732000 Salary of new employee = 732000 – 638000 = 94000 Difference b/w salary of old and new employee = 94000 – 82000 = 12000Rs.
Which of the following statements are correct regarding grants provided to FinTech firms under the FinTech Incentive Scheme, 2022?
i) FinTech ent...
What percentage of their total outstanding advances, are RRBs to lend to the sectors eligible for classification as priority sector lending and sub sect...
What are the prudential exposure limits for UCBs for a group of connected borrowers/parties?
In case the application for setting up a Banking Unit is rejected by IFSCA, it shall be communicated to the applicant within a period of ….
Which Section of the Insolvency and Bankruptcy Code, 2016 repealed the Presidency Towns Insolvency Act, 1909 and Provincial Insolvency Act, 1920?
As per RBI decision demand draft above Rs.20,000/- what should be followed?
The cost of capital for a firm _______.
Who has issued the guidelines on the import of gold by Tariff Rate Quota (TRQ) holders under the India-UAE Comprehensive Economic Partnership Agreement ...
With project cost of Rs.300 lakh and cost of capital at 12%, the estimated profits over its lifetime of 5 years are Rs.10 lakh, Rs.10 lakh, Rs.30 lakh, ...
With reference to Ayushman Bharat Digital Mission, consider the following statements: (2022)
I. Private and public hospitals must adopt it.
<...