CA Inter P4 · Chapter 3 · Question 1 of 11
The standard time for a job is 40 hours and a worker completes it in 30 hours. The guaranteed time rate is ₹80 per hour. Total earnings of the worker under the Halsey premium plan (50% bonus) are:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) ₹2,800
Explanation
Time wages = 30 hours x ₹80 = ₹2,400. Time saved = 40 - 30 = 10 hours. Halsey bonus = 50% x 10 x ₹80 = ₹400. Total earnings = ₹2,400 + ₹400 = ₹2,800.
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