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Monthly salary of Harish is Rs.58970. After deducting provident fund, he gets Rs.52,822 per month. What is the percentage of the salary that is deducted in the form of provident fund?
  • a)
    14.28% 
  • b)
    8.3%   
  • c)
    10.43% 
  • d)
    6.44%
Correct answer is option 'C'. Can you explain this answer?
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Monthly salary of Harish is Rs.58970. After deducting provident fund, ...
Understanding the Problem
To find the percentage of Harish's salary that is deducted for the provident fund, we first need to determine the amount deducted and then calculate that as a percentage of his total salary.
Step 1: Calculate the Deduction Amount
- Monthly Salary: Rs. 58,970
- Take-home Salary after Deduction: Rs. 52,822
To find the provident fund deduction, we subtract the take-home salary from the monthly salary:
- Deduction = Monthly Salary - Take-home Salary
- Deduction = 58,970 - 52,822
- Deduction = Rs. 6,148
Step 2: Calculate the Percentage of Deduction
Next, we need to calculate what percentage this deduction is of the total salary:
- Percentage of Deduction = (Deduction / Monthly Salary) * 100
- Percentage of Deduction = (6,148 / 58,970) * 100
- Percentage of Deduction = 10.43%
Conclusion
The percentage of Harish's salary that is deducted in the form of provident fund is 10.43%.
Thus, the correct answer is option C.
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Monthly salary of Harish is Rs.58970. After deducting provident fund, he gets Rs.52,822 per month. What is the percentage of the salary that is deducted in the form of provident fund?a)14.28%b)8.3% c)10.43%d)6.44%Correct answer is option 'C'. Can you explain this answer?
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Monthly salary of Harish is Rs.58970. After deducting provident fund, he gets Rs.52,822 per month. What is the percentage of the salary that is deducted in the form of provident fund?a)14.28%b)8.3% c)10.43%d)6.44%Correct answer is option 'C'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about Monthly salary of Harish is Rs.58970. After deducting provident fund, he gets Rs.52,822 per month. What is the percentage of the salary that is deducted in the form of provident fund?a)14.28%b)8.3% c)10.43%d)6.44%Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Monthly salary of Harish is Rs.58970. After deducting provident fund, he gets Rs.52,822 per month. What is the percentage of the salary that is deducted in the form of provident fund?a)14.28%b)8.3% c)10.43%d)6.44%Correct answer is option 'C'. Can you explain this answer?.
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