Question : Shiva’s monthly salary is Rs.75,000. He spends Rs.12,000 on household items, Rs.14,000 on LIC and mutual funds, Rs.15,000 on his children’s education, and keeps Rs.10,000 for miscellaneous expenses. His savings are Rs.21,000 per month and he donates the rest of the amount to an orphanage. The percentage of his income that he donates is:
Option 1: 3%
Option 2: 6%
Option 3: 8%
Option 4: 4%
Latest: SSC CGL Tier 1 Result 2024 Out | SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL Tier 1 Scorecard 2024 Released | SSC CGL complete guide
Suggested: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: 4%
Solution : Percentage Donated = $\frac{\text{Amount Donated}}{\text{Total Income}}\times 100$ First, let's calculate the total expenses: Total Expenses = Household items + LIC and mutual funds + Children's education + Miscellaneous expenses Total Expenses = Rs. 12,000 + Rs. 14,000 + Rs. 15,000 + Rs. 10,000 = Rs. 51,000 Amount Donated = Total Income – Total Expenses – Savings Amount Donated = Rs. 75,000 – Rs. 51,000 – Rs. 21,000 = Rs. 3,000 Now, you can calculate the percentage donated: Percentage Donated = $(\frac{3,000}{75,000}) × 100$ = $(\frac{1}{25}) × 100$ = 4% Hence, the correct answer is 4%.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : Soham’s initial expenditure and savings were in the ratio of 5 : 3. His income increased by 25%. If his initial savings were Rs. 4,500, find his income (in Rs.) after the increment.
Question : Directions: A person while buying a dress on sale spends Rs. 45 and saves Rs. 5, what is the percentage of his savings?
Question : A man spends $7\frac{1}{2}$% of his money, and after spending 75% of the remaining, he has Rs. 370 left. How much money did he initially have?
Question : An investor invested his savings in the stock market. The value of his investments increased by 12% and 9% in the first year and the second year, respectively. If the value of his investments after two years was Rs. 97,664, then how much had he invested (in Rs.)?
Question : A man donates 30% of his wealth to charity, 30% and 25% of the remaining wealth to his wife and son, respectively. The rest he divides equally between his three daughters. One of his daughters gets Rs. 42 lakh as her share. What was the man's wealth (in Rs. Lakhs)?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile