Ankit, Brijesh and Charu are employed to do a piece of work for ₹2209. Ankit and Brijesh together are supposed to do \(\frac{31}{47}\) of the work and Brijesh and Charu together \(\frac{21}{47}\) of the work. What amount should Ankit be paid?
₹1222
Wages are shared in proportion to the fraction of the work each person does, and the three fractions together make the whole work, 1.
Since Brijesh and Charu together do \(\frac{21}{47}\) of the work, Ankit's part = \(1 - \frac{21}{47} = \frac{26}{47}\).
Ankit's payment = \(\frac{26}{47} \times 2209\) = 26 × 47 = ₹1222 (because 2209 = 47 × 47).
Check: Brijesh does \(\frac{31}{47} - \frac{26}{47} = \frac{5}{47}\) and Charu \(\frac{21}{47} - \frac{5}{47} = \frac{16}{47}\); 26 + 5 + 16 = 47, so the parts make the whole work, and 1222 + 235 + 752 = 2209.
Hence, ₹1222.
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 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: