Question : A person, who spends 68% of his monthly income, can save INR 14,720 per month. Find his total expenses.
Option 1: INR 46,000
Option 2: INR 38,210
Option 3: INR 31,280
Option 4: INR 42,400
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Correct Answer: INR 31,280
Solution :
Given: A person spends 68% of his monthly income.
Savings = INR 14,720 per month.
Expenditure = 68%
Savings = 100 – 68 = 32%
So, 32% = INR 14720
⇒ 1% = $\frac{14720}{32}$ = INR 460
⇒ 68% = 460 × 68 = INR 31,280
Hence, the correct answer is INR 31,280.
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