Two men X and Y started working for a certain company at similar jobs on January 1, 1950. X asked for an initial salary of Rs.300 with an annual increment of Rs. 30. Y asked for an initial salary of Rs. 200 with a rise of Rs. 15 every six months. Assume that the arrangements remained unaltered till December 31, 1959. Salary is paid on the last day of the month. What is the total paid to them as salary during the period ?(CAT 2001)

Rs. 93,300

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Rs. 93,200

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs. 93,100

No worries! We‘ve got your back. Try BYJU‘S free classes today!

None of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Rs. 93,300
(a) For total salary paid to X
= 12 × (300 + 330 + 360 + 390 + 420 + 450 + 480 + 510 + 540 + 570)
== 60 × 870 = Rs. 52,200
For total salary paid to Y
= 6 × [200 + 215 + 230 + 245 +………………. 20 terms]
= 6 × 10 × [2 × 200 + 19 × 15][sum of A. P.]
= 60 × [400 + 285] = Rs. 41,100
Total sum of both = Rs. 93,300

Suggest Corrections

Similar questions

Q. Pooja started her job with certain monthly salary and gets a fixed increment every year If her salary was Rs 4200 after 3 years and Rs 6800 after 8 years of service then what are her initial salary and the annual increment (in Rs)?

Rafiq starts his job with a salary of rs 80,000 per year. he earns an increment of rs 5,000 every year. if his yearly salary after x years is rs y , then show the equation that correctly relates x and y.

Q. Mary got a job with a starting salary of Rs. 15000 /- per month. She will get an increment of Rs. 100 /- per month. What will be her salary after 20 months?

Q. A daily wage worker was paid Rs.

1700

during a period of

30

days. During his period he was absent for

4

days and was fined Rs.

15

per day for absence. He was paid the full salary only for

18

days as he came late on the other days. Those who came late were given only half the salary for that day. What was the total salary paid per month to a worker who came on time every day and was never absent?

From the following Receipt and Payment Account of a club, prepare Income and Expenditure Account for the year ended December 31, 2006 and the Balance Sheet as on that date.

Receipt and Payment Account for the year ending December 31, 2006
Receipts		Amount Rs	Payments	Amount Rs
Balance b/d		3,500	General expenses	900
Subscription: 2005 2006 2007	1,800 70,000 3,000	75,000	Salary Postage Electricity charges Furniture	16,000 1,300 7,800 26,500
Sale of old Books		2,000	Books	13,000
(Costing Rs 3,200)			Newspapers	600
Rent from use of hall		17,000	Meeting expenses	7,200
Sale of newspapers		400	T.V. set	16,000
Profit from entertainment		7,300	Balance c/d	15,900

		1,05,200		1,05,200

Additional Information:

(a)	The club has 100 members each paying an annual subscription of Rs900. Subscriptions outstanding on December 31, 2005 were Rs 3,600.
(b)	On December 31, 2006 , salary outstanding amounted to Rs 1,000, Salary paid included Rs 1,000 for the year 2005.
(c)	On January 1, 2006 the club owned land and building Rs 25,000, furniture Rs 2,600 and books Rs 6,200.

Join BYJU'S Learning Program