Question
Pankaj saves 33.33% of his monthly Income. If monthly
Expenses of Pankaj is increased by 25% with respect to his previous monthly expenses, then his monthly savings is decreased by 1700. What will be the monthly Income of Pankaj such as his monthly Income remains constant?Solution
ATQ, We can say that Income of Pankaj is = 6 unitsĀ Then, the Savings of his = 2 unitsĀ Therefore, Expenses will be = 4 units So, new expenditure is = 5 unitsĀ And new savings will be = 1 unitĀ If 1 unit value is = Rs 1700Ā Then, 6 units value will be =( 6 x 1700) = Rs.10200Ā Hence, the required salary will be = Rs.10200
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