Vipul's salary is ₹12,000 per month. He spends ₹5,000 on house rent and ₹2,500…
2026
Vipul's salary is ₹12,000 per month. He spends ₹5,000 on house rent and ₹2,500 on bills; the remaining amount is his monthly saving. Find his total saving in one year if, in his birthday month, he spends his entire monthly saving on birthday celebrations.
Answer: C. 49,500 — ConceptMonthly saving is the part of monthly income left after subtracting all monthly expenses. If the saving for one month is fully spent, the annual saving…
- A.
54,000
- B.
45,000
- C.
49,500
- D.
40,500
Attempted by 23 students.
Show answer & explanation
Correct answer: C
Concept
Monthly saving is the part of monthly income left after subtracting all monthly expenses. If the saving for one month is fully spent, the annual saving is the monthly saving multiplied by the number of months in which it is retained.
Application
Monthly expenses = ₹5,000 + ₹2,500 = ₹7,500.
Monthly saving = ₹12,000 − ₹7,500 = ₹4,500.
Vipul retains this saving for 12 − 1 = 11 months because the birthday month's saving is spent.
Annual saving = ₹4,500 × 11 = ₹49,500.
Cross-check
Without the birthday expense, the yearly saving would be ₹4,500 × 12 = ₹54,000. Subtracting one month's saving gives ₹54,000 − ₹4,500 = ₹49,500, confirming the result.