Question : Ram Babu donated 3% of his income to a charity and deposited 12% of the rest in the bank. If he has Rs. 12,804, then his income was:
Option 1: Rs. 17,640
Option 2: Rs. 15,000
Option 3: Rs. 7,500
Option 4: Rs. 14,550
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Correct Answer: Rs. 15,000
Solution :
Let us assume Ram Babu's income is $x$.
According to the question,
$x \times\frac{97}{100}\times \frac{88}{100} = 12804$
⇒ $x$ = 15,000
Hence, the correct answer is Rs. 15,000.
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