SOLUTION: Basic Salary of an employee is Rs. 18,000 and Allowances are Rs. 9000. According to the company’s policy casual leaves are 12 days per year and earned leaves are 24 days per year

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Basic Salary of an employee is Rs. 18,000 and Allowances are Rs. 9000. According to the company’s policy casual leaves are 12 days per year and earned leaves are 24 days per year      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 1141047: Basic Salary of an employee is Rs. 18,000 and Allowances are Rs. 9000. According to the company’s policy casual leaves are 12 days per year and earned leaves are 24 days per year and normal working days are 22 per month.
Find the total cost of leaves as percent of gross salary.
Answer by dkppathak(439) About Me  (Show Source):
You can put this solution on YOUR website!
Basic Salary of an employee is Rs. 18,000 and Allowances are Rs. 9000. According to the company’s policy casual leaves are 12 days per year and earned leaves are 24 days per year and normal working days are 22 per month.
Find the total cost of leaves as percent of gross salary.
total salary per month =18000+9000=27000
normal working days per months are 22x12=264 days and leave =12+24=36 per year
leave =36/264=9/66=3/22
total cost of leave=3x27000x12/22=972000/22=44181.81
percentage =44181.81x100/324000= 13.63%
leave salary 44181.81 and 13.63%