Start learning 50% faster. Sign in now
Each individual has a total monthly expenditure of ₹75,000. Expenditure on Rent (for the average person): Rent expenditure = 50% of ₹75,000 = (50/100) × 75,000 = ₹37,500 Individual A spends 10% less on Rent: 10% less than ₹37,500 = ₹37,500 × 0.10 = ₹3,750 Total expenditure on Rent by individual A = ₹37,500 - ₹3,750 = ₹33,750 Expenditure on Utilities (for the average person): Utilities expenditure = 15% of ₹75,000 = (15/100) × 75,000 = ₹11,250 Individual A spends 5% more on Utilities: 5% more than ₹11,250 = ₹11,250 × 0.05 = ₹562.50 Total expenditure on Utilities by individual A = ₹11,250 + ₹562.50 = ₹11,812.50 Total expenditure by individual A on Rent and Utilities together: ₹33,750 (Rent) + ₹11,812.50 (Utilities) = ₹45,562.50 Ans. D) ₹45,562.5
How does lateral communication in an organization occur?
What is the maximum permissible implementation cost for advanced level, under the scheme that aims to enhance MSMEs’ productivity, efficiency, and com...
YTM of a Bond is not affected by
Which of the following statements is/are correct regarding Initial Public Offering (IPO) in India?
1)An IPO is a process by which a company raise...
For a company, Bank Overdrafts and Outstanding Expenses will be termed as
Which of the following is true about Neo banking in India?
Statement 1: Neo banks are digital-only banks that operate exclusively ...
What is considered as the life spark of management and includes motivating, guiding, influencing and supervisingthe employees?
In respect of an Overdraft/Cash Credit (OD/CC), when is the advance treated as NPA?
Which of the Uniform Customs & Practice for Documentary Credits (UCP) rules issued by ICC, are currently in effect?
Which of the following risk is made up of transaction risk, default risk and portfolio risk?