In an office, the average salary of 22 staff members was ₹81,400. If the average salary of staff and the Vice Chairman was ₹89,600, then how much is the salary of the Vice Chairman (in ₹)?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 2,70,000.
Let the Vice Chairman's salary be x.
Total salary of 22 staff = 22 × 81,400 = 1,79,08,000
Average salary including Vice Chairman = 89,600
Total salary of 23 people = 23 × 89,600 = 2,06,08,000
Vice Chairman's salary = 2,06,08,000 – 1,79,08,000 = ₹27,00,000