Home
Class 12
MATHS
According to the stock policy of a compa...

According to the stock policy of a company , each employee in the technical division only is given 15 shares of the company and each empolyee in the recrutiment division only is given 10 shares. Employees belonging to both communities get 25 share each. There are 20 employees in the company, and each one belong to at least one division. The cost of each share is $10. If the technical division has 15 employees and the recruitment division has 10 employees, then what is the total cost of the shares gives by the company?

A

2250

B

2650

C

3120

D

3250

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the information given in the question and apply some basic set theory. ### Step 1: Understand the given information - Total employees in the company = 20 - Employees in the Technical division = 15 - Employees in the Recruitment division = 10 - Employees in both divisions = ? - Each employee in the Technical division gets 15 shares. - Each employee in the Recruitment division gets 10 shares. - Employees in both divisions get 25 shares. - Cost of each share = $10 ### Step 2: Set up the equation using set theory Let: - \( A \) = set of employees in the Technical division - \( B \) = set of employees in the Recruitment division Using the principle of inclusion-exclusion for sets, we have: \[ N(A \cup B) = N(A) + N(B) - N(A \cap B) \] Where: - \( N(A \cup B) \) = total number of employees = 20 - \( N(A) \) = number of employees in Technical division = 15 - \( N(B) \) = number of employees in Recruitment division = 10 - \( N(A \cap B) \) = number of employees in both divisions (let's denote this as \( x \)) Substituting the known values into the equation: \[ 20 = 15 + 10 - x \] This simplifies to: \[ 20 = 25 - x \] Rearranging gives: \[ x = 25 - 20 = 5 \] So, \( N(A \cap B) = 5 \). ### Step 3: Calculate the number of employees in only one division - Employees only in Technical division = \( N(A) - N(A \cap B) = 15 - 5 = 10 \) - Employees only in Recruitment division = \( N(B) - N(A \cap B) = 10 - 5 = 5 \) ### Step 4: Calculate the total shares distributed 1. **Shares given to employees only in Technical division**: \[ \text{Shares} = 10 \text{ employees} \times 15 \text{ shares/employee} = 150 \text{ shares} \] 2. **Shares given to employees only in Recruitment division**: \[ \text{Shares} = 5 \text{ employees} \times 10 \text{ shares/employee} = 50 \text{ shares} \] 3. **Shares given to employees in both divisions**: \[ \text{Shares} = 5 \text{ employees} \times 25 \text{ shares/employee} = 125 \text{ shares} \] ### Step 5: Calculate total shares \[ \text{Total shares} = 150 + 50 + 125 = 325 \text{ shares} \] ### Step 6: Calculate the total cost of the shares \[ \text{Total cost} = \text{Total shares} \times \text{Cost per share} = 325 \times 10 = 3250 \] ### Final Answer The total cost of the shares given by the company is **$3250**. ---
Promotional Banner

Similar Questions

Explore conceptually related problems

The ratio of male and female employees in a multinational company is 5:3. If there are 115 male employees in the company, then the number of female employees is (a) 96 (b) 52 (c) 69 (d) 66

Circular scale of a screw gauge moves through 4 divisions of main scale in one rotation. If the number of divisions on the circular scale is 200 and each division of the main scale is 1 mm., the least count of the screw gauge is

50rs shares of a company are quoted at a discount of 10% . Find the rate of dividend given by the company, the return on the investment on these shares being 20 percent.

A man sells 60 , 15rs shares of a company paying 12 percent dividend, at 21rs each and invests the proceedsin 6rs shares of another company at 9rs each. Find his change in income, if the second company pays a dividend of 8 percent

40% of the employees in a factory are workers. All the remaining employees are executives .The annual income of each worder is $390. The annual income of each executive is $420. What is the average annual incomes of all the employees in the factory together?

A certain company has 80 employees who are engineers. In this company engineers constitute 40% of its work force. How many people are employed in the company?

Ashok invested 26400rs in 12% , 25rs shares of a company. If he receives a dividend of 2475rs find the (i) number of shares he bought (ii) market value of each share.

A company with 10000 shares of 100rs each declares an annual dividend of 5% (i) What is the total amount of dividend paid by the company ? (ii) What should be the annual income of man who has 72 shares in the company ?

By investing Rs 10,000 in the shares of a company, a man gets an income of Rs 800, the dividend being 10%. If the face-value of each share is Rs 100, Find: the rate percent which the person earns on his investment.