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8 Gyvy
8 Gyvy
5 Bonus
When a business company goes in profit, it distributes certain percentage of the annual profit to its
employees as an incentive. This is other than their salary. This incentive amount is known as Bonus.
Bonus amount = bonus % of yearly net profit
If the number of employees is N, bonus is equally distributed then bonus received by an employee
Bonus amount
= N
(12,00,000)
Bonus amount that each employee receive = 20 = Rs 60,000
x = 8%
Hence, the bonus rate is 8%.