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