The total amount of bonus paid by the company during the given period is…
2024
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?
- A.
0.1%
- B.
0.5%
- C.
1%
- D.
1.25%
Attempted by 19 students.
Show answer & explanation
Correct answer: C
Total bonus (sum for all years): 3.00 + 2.52 + 3.84 + 3.68 + 3.96 = 17 (lakh)
Total salary (sum for all years): 288 + 342 + 324 + 336 + 420 = 1710 (lakh)
Required percentage = (Total bonus / Total salary) × 100 = (17 / 1710) × 100 ≈ 0.994% ≈ 1%.
Therefore, the total bonus paid is approximately 1% of the total salary paid over the period.