Select the correct answerThe daily wages of a worker are Rs. 100. Five workers can do a work in 10 days. If you pay Rs. 20 more daily, they agree to do 25% more work daily. If the proposal is accepted, then the total amount that could be save isOptionsRs. 250Rs. 200Rs. 300Rs. 500
Question
Select the correct answerThe daily wages of a worker are Rs. 100. Five workers can do a work in 10 days. If you pay Rs. 20 more daily, they agree to do 25% more work daily. If the proposal is accepted, then the total amount that could be save isOptionsRs. 250Rs. 200Rs. 300Rs. 500
Solution
To solve this problem, we need to first understand the current situation and then compare it with the proposed situation.
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Current Situation:
- Daily wage of a worker = Rs. 100
- Number of workers = 5
- Time taken to complete the work = 10 days
- So, total cost of work = Daily wage * Number of workers * Time taken
- Total cost of work = Rs. 100 * 5 * 10 = Rs. 5000
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Proposed Situation:
- Daily wage of a worker = Rs. 100 + Rs. 20 = Rs. 120 (since they are paid Rs. 20 more daily)
- Number of workers = 5
- Time taken to complete the work = 10 days * (1 - 0.25) = 7.5 days (since they agree to do 25% more work daily, the time taken will be 25% less)
- So, total cost of work = Daily wage * Number of workers * Time taken
- Total cost of work = Rs. 120 * 5 * 7.5 = Rs. 4500
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Savings:
- The savings would be the difference between the current total cost and the proposed total cost.
- Savings = Current total cost - Proposed total cost
- Savings = Rs. 5000 - Rs. 4500 = Rs. 500
So, the correct answer is Rs. 500.
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