Question
If person D spent 10% more than the average person on
Housing and 5% more on Food than the average person, what is the total amount (in ₹) spent by person D on Housing and Food together? The following pie chart represents the expenditure distribution of five individuals (A, B, C, D, and E) across five categories: Housing, Transportation, Food, Healthcare, and Entertainment. Each individual has a total budget of ₹90,000. Expenditure Categories (as percentage of total):Solution
The average expenditure of each individual is ₹90,000, and the expenditure percentages for Housing and Food are given in the chart. Expenditure on Housing (for the average person): Housing expenditure = 40% of ₹90,000 = (40/100) × 90,000 = ₹36,000 Person D spends 10% more on Housing: 10% more than ₹36,000 = 36,000 × 0.10 = ₹3,600 Total expenditure on Housing by person D = ₹36,000 + ₹3,600 = ₹39,600 Expenditure on Food (for the average person): Food expenditure = 20% of ₹90,000 = (20/100) × 90,000 = ₹18,000 Person D spends 5% more on Food: 5% more than ₹18,000 = 18,000 × 0.05 = ₹900 Total expenditure on Food by person D = ₹18,000 + ₹900 = ₹18,900 Total expenditure by person D on Housing and Food together: ₹39,600 (Housing) + ₹18,900 (Food) = ₹58,500 Ans. D) ₹58,500
Which of the following statements is/are true about the Bombay Stock Exchange (BSE)?
1)It is the oldest stock exchange in Asia.
2)It was e...
Which of the following banks were nationalized after being private banks in India?
1)Â Â Â Bank of Baroda
2)Â Â Â Punjab National B...
A risk-averse investor is best described as an individual as:
In which of the following situations is it advisable for an investor to buy a bond?
Which authority is responsible for framing guidelines and supervising the operations of Microfinance Institutions (MFIs) and NBFC-MFIs in India?
RBI increased the CRR requirement to 4.5% in May 2022. This action is expected to ________
Which of the following are usually trader over the counter:
Consider the following statements regarding the World in the Medical Tourism Index:
1.   India is ranked 10th out of the top 46 countries ...
The Nationalization of Banks in India took place in which year?
1)Â Â Â 1969
2)Â Â Â 1980
3)Â Â Â 2021
Which among the following is important to assess the Gearing ratio?Â