Instructions

Study the table and answer the given questions –
Data related to salary structure of 5 individuals from different organisations in March.


Note: (i) Total Deduction = Provident Fund Deduction (which is 10% of basic salary) + Other deduction

(ii) Net Salary = Basic Salary + Total Allowance – Total Deduction
(iii) Few values are missing in the table (indicated by -). A candidate is expected to calculate the missing value, if it is required to answer the given question, on the, basis of the given data and information.

Question 141

If other deduction of T was Rs. 4,000, what was his net salary?

Solution

For T,

Other deduction = Rs. 4,000 and Total deduction = Rs. 5,700

Let basic salary = $$Rs. 100x$$

=> Total deduction = Provident fund deduction (10% of basic salary) + other deduction

=> $$5700 = (\frac{10}{100} \times 100x) + 4000$$

=> $$10x = 5700 - 4000 = 1700$$

=> $$x = \frac{1700}{10} = 170$$

=> Basic salary = $$100 \times 170 = Rs. 17,000$$

$$\therefore$$ Net salary = $$17,000 + 21,600 - 5,700 = Rs. 32,900$$


Create a FREE account and get:

  • Banking Quant Shortcuts PDF
  • Free Banking Study Material - (15000 Questions)
  • 135+ Banking previous papers with solutions PDF
  • 100+ Online Tests for Free

cracku

Boost your Prep!

Download App