Heads of Expenditure (in lakhs)20152016201720182019 Salary of Staff 288 342 324 336 420 Transport 98…
Total bonus over 2015–2019 is \( 3+2.52+3.84+3.68+3.96=17 \) lakh and total salary is \( 288+342+324+336+420=1710 \) lakh. So the bonus is \(…
Choose your answer
| Heads of Expenditure (in lakhs) | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|
| Salary of Staff | 288 | 342 | 324 | 336 | 420 |
| Transport | 98 | 112 | 101 | 133 | 14 |
| Bonuses | 3 | 2.52 | 3.84 | 3.68 | 3.96 |
| Interest on Loan | 23.4 | 32.5 | 41.6 | 36.4 | 49.4 |
| Taxes | 83 | 108 | 74 | 88 | 98 |
Question: The total amount of bonus paid by the institution during the given period is approximately what percent of the total amount of salary paid during this period?
Answer and explanation
Correct answer D
Total bonus over 2015–2019 is lakh and total salary is lakh. So the bonus is of salary, about 1%. A figure such as 3% or 4% would need a total bonus of 50 lakh or more.
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