Question : Tulsiram's salary is 20% more than that of Kashyap. If Tulsiram saves Rs. 720 which is 4% of his salary, then Kashyap's salary is:
Option 1: Rs. 15000
Option 2: Rs. 12000
Option 3: Rs. 10000
Option 4: Rs. 22000
Correct Answer: Rs. 15000
Solution :
Given: Tulsiram's salary is 20% more than that of Kashyap and Tulsiram saves Rs. 720, which is 4% of his salary.
Let's assume Kashyap's salary = 100 units
So, Tulsiram's salary = 120 units
Tulsiram's savings = 120 × 0.04 = 4.8 units
Here, 4.8 units = Rs. 720
Kashyap's Salary (100 units) = $\frac{720}{4.8}×100 $ = Rs. 15000
Hence, the correct answer is Rs. 15000.
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