Explanation
Let's calculate the number of skilled employees (x) and unskilled employees (y):
Total salary of skilled employees = 520x
Total salary of unskilled employees = 420y
Total salary of all employees = 500(x + y)
Since the average salary is Rs. 500, we can set up the equation:
520x + 420y = 500(x + y)
Solving for x and y, we get:
x = 0.6(x + y)
So, the percentage of skilled employees is:
(0.6(x + y) / (x + y)) × 100 = 60%
Therefore, 60% of the employees in the firm are skilled.