Question

Total workers in a company in the year 2014 was 1750 and every year there is an increase of 20% and in 2018 there is lay off and the company discharged 25% of the total workers. Calculate the number of workers in the company now.
1. 2350
2. 2345
3. 3458
4. 2268
5. 1890

Answer 1

Correct Answer - Option 4 : 2268

Given:

Number of workers in 2014 = 1750

Increase% per year = 20%

Percentage of people discharged in 2018 = 25%

Calculation:

Total number of workers in company in the year 2014 = 1750

Total population of the company in the year 2017 = 1750 × (120/100)³

⇒ 3024

Total number of employees in the year 2018 = 3024 × (75/100) = 2268

∴ The total number of employees at present is 2268