Question : Ramesh spends 40% of his monthly salary on food, 18% on house rent, 12% on entertainment, and 5% on conveyance. However, due to a family function, he has to borrow INR 16,000 from a money lender to meet the expenses of INR 20,000. His monthly salary is:
Option 1: INR 16,500
Option 2: INR 15,000
Option 3: INR 16,000
Option 4: INR 18,000
Correct Answer: INR 16,000
Solution : Given, Money borrowed = INR 16,000 Party expenses = INR 20,000 Let the Monthly income be 100%. ⇒ Money left = 100% – (40% + 18% + 12% + 5%) ⇒ Money left = 100% – 75% = 25% Ramesh's party expenses were INR 20,000 and he borrowed INR 16,000 So, he had INR 4,000 in his pocket ⇒ 25% = 4000 ⇒ 100% = 4000 × $\frac{100}{25}$ = 16000 Hence, the correct answer is INR 16,000.
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