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 units Then, the Savings of his = 2 units Therefore, Expenses will be = 4 units So, new expenditure is = 5 units And new savings will be = 1 unit If 1 unit value is = Rs 1700 Then, 6 units value will be =( 6 x 1700) = Rs.10200 Hence, the required salary will be = Rs.10200
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