- A building contractor employs 20 male, 15 female and 5 child workers. To a male worker he pays Rs 25 per day, to a female worker Rs 20 per day and to a child worker Rs 8 per day. The average wage per day paid by the contractor is
The average wage per day paid by the contractor is Rs.21. To calculate the average wage, we need to find the total wages paid by the contractor.
Total wages paid by the contractor = Total amount paid to male workers + Total amount paid to female workers + Total amount paid to child workers
Total wages paid by the contractor = (20 x 25) + (15 x 20) + (5 x 8)
= 500 + 300 + 40
= Rs.840
Average wage per day = Total wages paid by the contractor / Total number of workers
= 840/40
= Rs.21
Hence, the average wage per day paid by the contractor is Rs.21.
Explanation of Average Wage:
Average wage is the sum of all wages paid by an employer divided by the total number of employees. It is the mean wage per employee per day or per week or per month. It is calculated by dividing the total wages paid by the employer by the total number of employees. It is used to measure the rate of wages paid by an employer.
Formula for Average Wage:
Average Wage = Total wages paid by the employer / Total number of employee
= W/N
Where,
W = Total wages paid by the employer
N = Total number of employee
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