A person spends 40 % of his salary on his educational expenses. He spends 60 %…
2024
A person spends 40 % of his salary on his educational expenses. He spends 60 % of the money spend on educational expenses in purchasing books and one half of the remaining in purchasing stationery items. If he saves Rs. 160 every month, which is one-fourth of the balance after spending over books and stationery items, what is his monthly salary?
Answer: A. Rs. 8,000 — Explanation: Let the monthly salary be Rs 100, Money spent on educational expenses = 40% of 100 = Rs. 40 So money spent on books = Rs. 60 % of 40 = Rs 24,…
- A.
Rs. 8,000
- B.
Rs. 4,800
- C.
Rs. 9,600
- D.
Data inadequate
Attempted by 63 students.
Show answer & explanation
Correct answer: A
Explanation:
Let the monthly salary be Rs 100,
Money spent on educational expenses = 40% of 100 = Rs. 40
So money spent on books = Rs. 60 % of 40 = Rs 24,
Money remaining = Rs. 40 - Rs. 24 = Rs. 16
Hence, money spent on Stationery = ½ of Rs. 16 = Rs 8.
So the balance left with him = Rs 40 – Rs 32 = Rs. 8 and Savings = ¼ of Rs 8 = Rs 2.
Now if Rs 2 corresponds to Rs 160,
then Rs 100 corresponds to Rs 160 x 100/2 = Rs. 8000.
Hence, option A is the correct answer.