XAT — free 5-question quiz

Arjun, the operations manager of a logistics firm, is preparing the annual bonus for his team of 100 employees. The board has fixed the bonus pool at Rs 6,00,000. Company policy splits employees into 'High Performers' (the top 20% of the 100 employees) and 'Standard Performers' (the other 80%). 60% of the pool is reserved for High Performers and 40% for Standard Performers. Within each category the money is shared equally among the employees who have completed at least one year of service; the rest get no bonus. This year 10 High Performers and 20 Standard Performers have not completed one year. The union says the split is unfair to Standard Performers; the finance team insists on the 60-40 split to control costs. How much does each qualifying High Performer receive?