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  • Directions for question: The following table shows the expenditure behind employee wages and the value of the annual

Directions for question:

The following table shows the expenditure behind employee wages and the value of the annual production of six of the top manufacturing companies in India, in the financial year of 2021-22 :

Manufacturing Company Annual Employee Wages (thousand crores of Rs) Annual Production (thousand crores of Rs)
Reliance Petrochem 3.1 360
Tata Steel 3.4 219
Larsen & Toubro 1.5 135
Tata Motors 2.8 128
Hindustan Unilever 1.5 113
Dabur 1.1 96

The following pie-chart shows the break-up of the number of employees of the companies as a percentage of the total number of the employees of the six companies, which was 6 lakhs in 2021-22  :

Annual Wages per employee and Annual Production per employee are the average Annual Wages and Annual Production per employee of a company respectively.

Question:

The employees of a company are eligible for government ESIC facility if it’s Annual Wages per employee is less than Rs 1.9 lakhs. The employees of how many of the six companies are eligible for ESIC facility after 2021-22 ? 

 

 

 

 

 

 

 

Option: 1

2


Option: 2

-


Option: 3

-


Option: 4

-


Answers (1)

best_answer

From the solution of the previous question we know that:

Annual Wages per employee of Reliance Petrochem =\frac{\left(3.1 \times 10^7\right) }{216}=0.0144 \times 10^7=\operatorname{Rs} 1,44,000
Annual Wages per employee of Tata Steel =\frac{\left(3.4\times 10^7\right) }{90}=0.0379 \times10^7=\operatorname{Rs} 3,79,000
Annual Wages per employee of Larsen \& Toubro =\frac{\left(1.5\times10^7\right) }{78}=0.0192 \times10^7=\mathrm{Rs} 1,92,000
Annual Wages per employee of Tata Motors =\frac{\left(2.8 \times10^7\right) }{84}=0.0333\times 10^7=\mathrm{Rs} 3,33,000
Annual Wages per employee of Hindustan Unilever =\frac{\left(1.5\times10^7\right) }{90}=0.0167 \times 10^7=\operatorname{Rs} 1,67,000
Annual Wages per employee of Dabur =\frac{\left(1.1\times10^7\right) }{42}=0.0262 \times 10^7=\operatorname{Rs} 2,62,000
We can see that the Annual Wages per employee of Reliance Petrochem and Hindustan Unilever are below the Rs 1.9 lakhs mark

Hence 2 companies is the answer

Posted by

chirag

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