6 Views

Question : A man spends Rs. 2,300 monthly on average for the first four months and Rs. 1,800 monthly for the next eight months and saves Rs. 12,400 a year. Find his monthly income.

Option 1: Rs. 3,000

Option 2: Rs. 2,400

Option 3: Rs. 2,200

Option 4: Rs. 2,100


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 9th Jan, 2024

Correct Answer: Rs. 3,000


Solution : Given,
Average monthly expenditure for the first 4 months = Rs. 2,300
$\therefore$ Total expenditure for the first 4 months = 4 × 2,300 = Rs. 9,200
Average monthly expenditure for the next 8 months = Rs. 1,800
$\therefore$ Total expenditure for the next 8 months = 8 × 1,800 = Rs. 14,400
Annual savings = Rs. 12,400
$\therefore$ Total expenditure for the year = 9,200 + 14,400 = Rs. 23,600
So, Monthly income
= $\frac{\text{Total expenditure + Annual savings}}{12}$
= $\frac{23600 + 12400}{12}$
= $\frac{36000}{12}$
= Rs. 3,000
Hence, the correct answer is Rs. 3,000.

How to crack SSC CHSL

Candidates can download this e-book to give a boost to thier preparation.

Download Now

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books