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A restaurant earns 5% profit of total transactions and distributes yearly bonus to its employees on their monthly salary scale: 1.Salary (based on total transactions) I.) Rs.4000- Rs.6000 =0.10% II.) Rs.6000-Rs.8000 = 0.08% III.) Rs.8000-Rs.11000 = 0.06% If the company's transaction is Rs.40000000 in a fiscal year, find the bonus received by employees with the following basic salary: Rs.10500



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nkemkamadonna1

Answer:

To determine the yearly bonus for an employee with a basic salary of Rs. 10,500 given that the company's total transactions amount to Rs. 40,000,000 in a fiscal year and the bonus is distributed based on the salary scale, we'll follow these steps:

1. **Identify the total transactions**:

- The total transactions in a fiscal year are Rs. 40,000,000.

2. **Determine the employee's basic salary**:

- The employee's basic salary is Rs. 10,500 per month.

3. **Check the salary range and corresponding bonus percentage**:

- Based on the given salary ranges and the corresponding bonus percentages, we need to find the appropriate range for a salary of Rs. 10,500:

- Rs. 4,000 - Rs. 6,000: 0.10%

- Rs. 6,000 - Rs. 8,000: 0.08%

- Rs. 8,000 - Rs. 11,000: 0.06%

- Since Rs. 10,500 falls within the range of Rs. 8,000 - Rs. 11,000, the bonus percentage applicable is 0.06%.

4. **Calculate the yearly bonus**:

- We use the total transactions and the bonus percentage to find the yearly bonus:

- Yearly bonus = Total transactions * Bonus percentage

- Yearly bonus = Rs. 40,000,000 * 0.0006

5. **Compute the final result**:

- Yearly bonus = Rs. 40,000,000 * 0.0006

- Yearly bonus = Rs. 24,000

Therefore, the yearly bonus received by the employee with the basic salary of Rs. 10,500 is approximately Rs. 24,000.

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