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.
Related Questions
Know More about
Staff Selection Commission Sub Inspector ...
Result | Eligibility | Application | Selection Process | Cutoff | Admit Card | Preparation Tips
Get Updates Brochure
Your Staff Selection Commission Sub Inspector Exam brochure has been successfully mailed to your registered email id “”.
