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    Question

    Tim spends 22% of his monthly income in travelling. He

    spends 25% of his monthly income on household expenses and spends 36% of his monthly income on families medical expenses. He has remaining amount of Rs. 12750 as cash with him. What is Tim's annual income?                    
    A 850000 Correct Answer Incorrect Answer
    B 750000 Correct Answer Incorrect Answer
    C 900000 Correct Answer Incorrect Answer
    D 706000 Correct Answer Incorrect Answer

    Solution

    Let Tim's monthly income be Rs. 100.           Total expenditure = (22 + 25 + 36)% = 83%            ∴   Savings = (100 – 83)% × 100 = Rs. 17          Now, 17 : 100 : : 12750 : x            ⇒    x = (100 × 12750)/17 = Rs. 75000         Tim's monthly income = Rs. 75000          ∴  Tim's annual income = Rs. 12 × 75000  =  Rs. 900000

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