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
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.
Result | Eligibility | Application | Selection Process | Cutoff | Admit Card | Preparation Tips
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:
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
Question : Ayush spends 25% of the amount of money on an insurance policy, 26% on food, 23% on children’s education and 19% on recreation. He deposits the remaining amount of INR 26,600 in the bank. What is the total amount (in INR) that he spends on food and recreation
Question : The monthly salary of a person was INR 50,000. He used to spend on Family expenses (E), Taxes (T), and Charity (C), and the rest were his savings. E was 60% of the income. T was 20% of E, and C was 15% of T. When his salary was raised by 40%, he maintained the percentage level
Question : A person can save 25% of his income. If his income increases by 20% and still he saves the same amount as before, the percentage increase in his expenditure is _____.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile