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Question : The monthly salary of a person is INR 50,000. He spends 40% of his salary on household expenses, 25% on rent, and 15% on transportation, and saves the remaining amount. What is his yearly savings?

Option 1: INR 1,00,000

Option 2: INR 1,10,000

Option 3: INR 1,20,000

Option 4: INR 90,000


Team Careers360 8th Jan, 2024
Answer (1)
Team Careers360 17th Jan, 2024

Correct Answer: INR 1,20,000


Solution : The monthly salary of a person = INR 50,000
Household expenses = 40% of INR 50000
Rent = 25% of INR 50000
Transportation = 15% of INR 50000
Monthly savings = (100 – 40 – 25 – 15)% of INR 50000
= 20% of INR 50000
= 0.2 × 50000
= 10000
Yearly savings = 12 × 10000 = 1,20,000
Hence, the correct answer is INR 1,20,000.

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