Chetan spends 60% of his income. If he saves ₹66,000, then his income (in ₹) is:
2025
Chetan spends 60% of his income. If he saves ₹66,000, then his income (in ₹) is:
- A.
39,600
- B.
1,64,000
- C.
1,65,000
- D.
1,66,000
Attempted by 3 students.
Show answer & explanation
Correct answer: C
When a person spends a certain percentage of their income, the remaining percentage of that income is what they save: Savings = (100 − Expenditure %) of Income. So, given the savings amount, the income can be found as Income = Savings ÷ (Savings percentage ÷ 100).
Chetan spends 60% of his income, so he saves 100% − 60% = 40% of his income.
Let his income be ₹x. Then his savings = 40% of x = 0.40x.
The savings are given as ₹66,000, so 0.40x = 66,000.
Solving for x: x = 66,000 ÷ 0.40 = ₹1,65,000.
Check: 60% of ₹1,65,000 = ₹99,000 is the amount spent, and the remaining ₹1,65,000 − ₹99,000 = ₹66,000 matches the given savings, confirming the value.
So, Chetan's income is ₹1,65,000.