Akshay spends 70% of his income. If he saves ₹36,000, then find his income (in…
2025
Akshay spends 70% of his income. If he saves ₹36,000, then find his income (in ₹).
- A.
1,20,000
- B.
1,21,000
- C.
1,19,000
- D.
25,200
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Correct answer: A
When someone spends a fixed percentage of their income, the percentage left over equals the percentage saved, and Savings = (Saved percentage) x Income. So once the saved percentage and the actual savings amount are known, Income = Savings divided by (Saved percentage as a decimal).
Percentage of income spent = 70%, so percentage saved = 100% minus 70% = 30%.
Let the income be Rs. x. The amount saved is 30% of x, i.e., 0.30x.
The savings are given as Rs. 36,000, so 0.30x = 36,000.
Solving for x: x = 36,000 divided by 0.30 = Rs. 1,20,000.
Check: 70% of Rs. 1,20,000 is Rs. 84,000 spent; subtracting this from the income leaves Rs. 1,20,000 minus Rs. 84,000 = Rs. 36,000, matching the savings given in the question.