Carcass wrote:
40% of the employees in a factory are workers. All the remaining employees are executives. The annual income of each worker is $390. The annual income of each executive is $420. What is the average annual income of all the employees in the factory together?
(A) 390
(B) 405
(C) 408
(D) 415
(E) 420
Explanation::
Let the total employee be = 100
40% of the employee are worker = 40
hence the number of executive = 60
Av. income of all the employees =
(40100)∗390+(60100)∗420=156+252=408