Question
In a company, there are three departments: A, B, and C.
The average salary of employees in department A is ₹40,000, in department B is ₹50,000, and in department C is ₹60,000. The number of employees in department A is twice that of department B, and the number of employees in department B is three times that of department C. Find the overall average salary of all the employees in the company.Solution
Let the employees in department C = x employees in department B = 3x employees in department A = 6x total salary of department A = 40,000×6x = 240,000x total salary of department B = 50,000×3x = 150,000x total salary of department C = 60,000×x = 60,000x total salary of the company = 240,000x + 150,000x + 60,000x = 450,000x Requires average = 450,000x/10x = 45,000
Who is the Managing Director (MD) and Chief Executive Officer (CEO) of National Housing Bank (NHB)?
Which of the following is considered as a Non-Banking Financial Company (NBFC)?
Which one is the name given to the foreign currency account maintained by a bank abroad
What is the requirement for the implementation of Core Banking Solution (CBS) for a UCB to be classified as FSWM?
According to the April 2024 IFSCA Circular, which of the following types of trading is permitted for Remote Trading Participants (RTPs)?
As per Companies Act a company with what minimum networth will have to comply with CSR provisions?
What is an example of a niche financial center for wealth management?
Under the Statutory Liquidity Ratio (SLR) all Scheduled Commercial Banks in India must maintain an amount in the form of ?
i.Cash
ii.Gold<...
Which of the following bank holds 10% state in Brickwork Ratings?
What do GFCs offer to importers, exporters, and other international trade participants?