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In a certain office, the ratio of number of clerks to managers is 12:1
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24 Jul 2023, 00:38
24 Jul 2023, 00:38
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In a certain office, the ratio of number of clerks to managers is 12:1. The average annual salary of the manager is $25000 and clerk is $15000. If the company has a total of 26 employees (assuming only clerks and managers are in office), what is the average annual salary of the employees? Calculate till nearest integer.
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15769
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Re: In a certain office, the ratio of number of clerks to managers is 12:1
[#permalink]
17 Sep 2023, 09:41
17 Sep 2023, 09:41
Expert Reply
OE
We are given that the ratio of clerks to managers is 12:1.
Let’s say if 12𝑥 clerks are there, 𝑥 managers would be there.
Total employees = 12𝑥 + 𝑥 = 13𝑥
Also, company has total 26 employees, so 13𝑥 = 26, gives 𝑥 = 2
Now we know,
Total clerks = 12𝑥 = 24
Total Managers = 𝑥 = 2
Average annual salary of a manager is 25000.
Total annual salary of 2 managers = 2 × 25000 = 50000 as Total = Average × Number
of terms.
Average annual salary of a clerk is 15000.
Total annual salary of 24 clerks = 24 × 15000 = 360000
Total annual salary of all employees = Total annual salary of managers + Total annual
salary of clerks
= 360000 + 50000
= 410000
Average= 410000/26=15769
We are given that the ratio of clerks to managers is 12:1.
Let’s say if 12𝑥 clerks are there, 𝑥 managers would be there.
Total employees = 12𝑥 + 𝑥 = 13𝑥
Also, company has total 26 employees, so 13𝑥 = 26, gives 𝑥 = 2
Now we know,
Total clerks = 12𝑥 = 24
Total Managers = 𝑥 = 2
Average annual salary of a manager is 25000.
Total annual salary of 2 managers = 2 × 25000 = 50000 as Total = Average × Number
of terms.
Average annual salary of a clerk is 15000.
Total annual salary of 24 clerks = 24 × 15000 = 360000
Total annual salary of all employees = Total annual salary of managers + Total annual
salary of clerks
= 360000 + 50000
= 410000
Average= 410000/26=15769
gmatclubot
Re: In a certain office, the ratio of number of clerks to managers is 12:1 [#permalink]
17 Sep 2023, 09:41
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