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Directions: Study the below given table and answer the given question based on it.
 
Year Salary Fuel and Transport Bonus Interest on Loans Taxes
1998 288 98 3.00 23.4 83
1999 342 112 2.52 32.5 108
2000 324 101 3.84 41.6 74
2001 336 133 3.68 36.4 88
2002 420 142 3.96 49.4 98

The total amount of bonus paid by the company during the given period is approximately what percent of the total amount of salary paid during this period?

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  1. 1%
  2. 17%
  3. 10%
  4. 7%

Answer (Detailed Solution Below)

Option 1 : 1%
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Detailed Solution

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Given:

Bonus (in lakh Rs) from 1998 to 2002: 3.00, 2.52, 3.84, 3.68, 3.96

Salary (in lakh Rs) from 1998 to 2002: 288, 342, 324, 336, 420

Formula used:

Percentage = \(\frac{\text{Total Bonus}}{\text{Total Salary}} × 100\)

Calculation:

Total Bonus = 3.00 + 2.52 + 3.84 + 3.68 + 3.96 = 16.99 lakh

Total Salary = 288 + 342 + 324 + 336 + 420 = 1710 lakh

Percentage = \(\frac{16.99}{1710} × 100\)

⇒ \(0.993\%\) ≈ 1%

∴ The correct answer is approximately 1%

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-> JKSSB Sub Inspector Notification 2024 has been released for 669 vacancies.

-> Graduates between 18-28 years of age who are domiciled residents of Jammu & Kashmir are eligible for this post.

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