?
Competitive Exams MCQs
Aptitude
English
Verbal Reasoning
Non Verbal Reasoning
General Knowledge(GK)
General Science(GS)
Data Interpretation(DI)
Banking Awareness
Current Affairs
Computer Fundatmental MCQs
Computer Fundamentals
Microsoft Word
Microsoft Excel
MS Power Point
Tally
Operating System
Python
AI(Artificial Intelligence)
Join the Discussion
Login to post a comment or share your explanation.
LoginBasic wages is 10 per hour
Wages under Rowan scheme is 12 per hour. So difference 2 per hour is the incentive under Rowan.
Now Rowan incentive formula is (Actual hours / Std hours) (Time saved) (Basic Rate)
Let time saved be assumed to be x
Substituting in formula (x/60)(60-x)*10 = 2x
(x/60)(60-x) = 0.2x
x(60-x) = 12x
60x - x-squared = 12x
-x squared = -48x
x squared = 48x
x = 48 so Actual hours worked is 48
Time saved is 60-48 = 12 Hours
TOTAL BONUS EARNED DURING UNDER ROWAN PLAN 720-60X10=120
ACTUAL TIME SAVED FOR WORK= 120/10=12 HOURS
ACTUAL TIME TAKEN=60-12=48 HOURS
WAGES UNDER HALSEY PLAN (48X10+120*50/100)= 540/- ANS (B)