Calculating Average Hourly Wage
To find the average wage per hour paid by the contractor, we need to calculate the weighted average based on the number of skilled and unskilled workers and their respective hourly rates.
Key Information Extraction
- Number of skilled workers: 25
- Hourly wage for skilled workers: ₹30
- Number of unskilled workers: 5
- Hourly wage for unskilled workers: ₹24
- Total number of workers: 25 + 5 = 30
Weighted Average Calculation Steps
- Calculate Total Earnings for Skilled Workers:
Total skilled earnings = (Number of skilled workers) \times (Hourly wage for skilled workers)
Total skilled earnings = 25 \times ₹30 = ₹750
- Calculate Total Earnings for Unskilled Workers:
Total unskilled earnings = (Number of unskilled workers) \times (Hourly wage for unskilled workers)
Total unskilled earnings = 5 \times ₹24 = ₹120
- Calculate Total Hourly Earnings for All Workers:
Total earnings = Total skilled earnings + Total unskilled earnings
Total earnings = ₹750 + ₹120 = ₹870
- Calculate the Average Wage Per Hour:
Average wage = \frac{\text{Total hourly earnings}}{\text{Total number of workers}}
Average wage = \frac{₹870}{30}
Average wage = ₹29
Final Result
The average wage per hour paid by the contractor is ₹29.
Important Questions from Work and Wages
Which among the following are true about wages?
A. The fair wage was something between minimum wage and living wage
B. The Surplus Value Theory is associated with Maurice Dobb
C. As per the Wages Fund Theory there exists pre-determined fund for the payment of wages
D. Living wage provides workers and their families to live on some level considered adequate
E. According to the "Bargaining Theory" there is an upper and lower limit on wage rates and the actual rates are determined by the capitalist
Choose the most appropriate answer from the options given below:- A shopkeeper employs a delivery boy and gives him a motorcycle for home delivery. For every delivery, the boy is given ₹ 5. At the end of the day, he also gets ₹ 2 for every kilometre of the distance covered in the day. The boy wants to earn more than ₹ 500 a day, but does not want to travel more than 100 km. Which of the following numbers of deliveries would definitely meet his target?
- 18 persons working 8 hours a day can complete 3 units of works in 10 days. How many persons are required to complete 5 units of that work in 16 days working 15 hours a day?
A and B can complete a piece of work in 15 days and 10 days respectively. They got a contract to complete the work for Rs. 35000. The share of A (in Rs.) in the contracted money will be:
X and Y undertook to do a piece of work for Rs 5400. X alone could do this work in 18 days and Y alone could do this work in 24 days. With the assistance of Z they finished the work in 8 days. What is the share (in Rs) of Z?
