GRE Prep Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
In an organization HRA (House rent allowance) & TA (travel allowance)
[#permalink]
03 Apr 2023, 01:22
03 Apr 2023, 01:22
1
Expert Reply
1
Bookmarks
00:00
Question Stats:
87% (01:55) correct
12% (02:21) wrong based on 16 sessions
Hide Show timer Statistics
In an organization HRA (House rent allowance) & TA (travel allowance) are calculated by taking 30% and 10% of the basic pay respectively. If after promotion the HRA of a certain employee is changed from $3000 to $4200. What was the percentage increase in his TA?
10%
33.33%
40%
75%
Cannot be determined
Post A Detailed Correct Solution For The Above Questions And Get A Kudos.
Question From Our Project: Free GRE Prep Club Tests in Exchange for 20 Kudos
\(\Longrightarrow\) GRE - Quant Daily Topic-wise Challenge
\(\Longrightarrow\) GRE PERCENT
10%
33.33%
40%
75%
Cannot be determined
Post A Detailed Correct Solution For The Above Questions And Get A Kudos.
Question From Our Project: Free GRE Prep Club Tests in Exchange for 20 Kudos
\(\Longrightarrow\) GRE - Quant Daily Topic-wise Challenge
\(\Longrightarrow\) GRE PERCENT
GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2512
Given Kudos: 1060
GPA: 3.39
Re: In an organization HRA (House rent allowance) & TA (travel allowance)
[#permalink]
12 Apr 2023, 20:45
12 Apr 2023, 20:45
2
Expert Reply
Carcass wrote:
In an organization HRA (House rent allowance) & TA (travel allowance) are calculated by taking 30% and 10% of the basic pay respectively. If after promotion the HRA of a certain employee is changed from $3000 to $4200. What was the percentage increase in his TA?
10%
33.33%
40%
75%
Cannot be determined
10%
33.33%
40%
75%
Cannot be determined
4200=30% of basic salary
hence salary = 14000
New TA will equal to 10% of latest salary (after promotion)
14000x0.10 =1400
Previous TA = 10,000X0.10 = 1000
Difference = 400
Percentage = 400/1000x100 = 40%
Answer: c
In an organization HRA (House rent allowance) & TA (travel allowance)
[#permalink]
16 Sep 2023, 08:28
16 Sep 2023, 08:28
1
0.3 of salary=3000
so, salary =10000
TA=0.1*10000=1000
So TA:HRA:Total salary
1000:3000:10000
New. :4200:
Ratio of Ta:HRA=1:3
so 1/3*4200= 1400 new TA
Total salary=10/3*4200= 14000
(New TA-Old TA)/OLD TA=1400-1000/1000=400/1000*100=40%
so, salary =10000
TA=0.1*10000=1000
So TA:HRA:Total salary
1000:3000:10000
New. :4200:
Ratio of Ta:HRA=1:3
so 1/3*4200= 1400 new TA
Total salary=10/3*4200= 14000
(New TA-Old TA)/OLD TA=1400-1000/1000=400/1000*100=40%
