1333 Views

Question : Swastik saves 20% of his income while spending the remaining amount on food, rent, education, and shopping. 15% of the income is spent on food, while INR 12,800 is spent on rent, INR 32,000 on education and INR 7,200 on shopping. The amount spent on shopping is 11.25% of the total expenditure. How much money (in INR) is spent on food?

Option 1: 9600

Option 2: 10800

Option 3: 12000

Option 4: 15000


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: 12000


Solution : Let the income of Swastik be 100.
Saving of 20% = 20
Expenditure = income – saving = 100 – 20 = 80
Amount spent on shopping = INR 7200
Percentage of expenditure spent on shopping = 11.25%
$\therefore \frac{11.25}{100}\times80=9\%$
Percentage of salary spent on shopping = 9%
9% of salary = 7200
So, salary = 80000
The salary of Swastik = INR 80000
Money spent on food = 15%
Thus, Money spent on food = $\frac{15}{100}\times80000= 12000$
Hence, the correct answer is INR 12000.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books