Question : A family earns INR 75,000, out of which 10% is saved. 30% of the expenditure is incurred on education, while INR 30,375 is spent on health and the remaining amount is spent on food. What is the percentage of food expenditure to the total income?
Option 1: 32.5%
Option 2: 22.5%
Option 3: 20%
Option 4: 21.5%
Correct Answer: 22.5%
Solution :
Given: A family earns INR 75,000, out of which 10% is saved. 30% of the expenditure is incurred on education, while INR 30,375 is spent on health and the remaining amount is spent on food.
The savings on education = $75000 \times \frac{90}{100}\times \frac{70}{100}=$ INR 47,250
The expenditure on food = 47250 – 30375 = INR 16,875
The percentage of food expenditure to the total income = $\frac{16875}{75000}\times 100=22.5\%$
Hence, the correct answer is 22.5%.
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