1. What will be the earnings of a worker at 60 paise per hour when he takes 100 hours to do a volume of work for which the standard time is 160 hours the plan of payment for bonus is on a sliding scale as under: Within the first 10% saving in the Standard time, the Bonus is: 40% of the Time Saved. Within the second 10% saving in the Standard Time, the bonus is: 50% of the Time Saved. Within the third 10% saving in the Standard Time, the bonus is: 60% of the Time Saved. Within the Fourth 10% saving in the Standard Time, the Bonus is: 70% of the Time Saved. For the rest of the time saved: 75% of the Time Saved. [Ans: Total earnings '79.44]
1. What will be the earnings of a worker at 60 paise per hour when he takes 100 hours to do a volume of work for which the standard time is 160 hours the plan of payment for bonus is on a sliding scale as under: Within the first 10% saving in the Standard time, the Bonus is: 40% of the Time Saved. Within the second 10% saving in the Standard Time, the bonus is: 50% of the Time Saved. Within the third 10% saving in the Standard Time, the bonus is: 60% of the Time Saved. Within the Fourth 10% saving in the Standard Time, the Bonus is: 70% of the Time Saved. For the rest of the time saved: 75% of the Time Saved. [Ans: Total earnings '79.44]
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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