Question

Company workers decided to raise Rs. 3 lakhs by equal contribution from each. Had they contributed Rs. 50 each extra, the contribution would have been Rs. 3.25 lakhs. How many workers were they?

• A. 300
• B. 400
• C. 500
• D. 600

Hint:

Use algebraic equations to solve such contribution-based problems.

Answer 1

The Correct Option is C

Let the number of workers be \( x \).
Each contributes \( \frac{300000}{x} \).
With an additional \( 50 \) per worker, the total becomes 325000.
\[ x \times \left(\frac{300000}{x} + 50 \right) = 325000 \] \[ 300000 + 50x = 325000 \] \[ 50x = 25000 \] \[ x = 500 \]