📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    One Click Can Change Your Exam Journey—Do It Before It Ends! ⏰

    Question

    The average income of three employees, namely Amit,

    Bisht, and Cherry, is Rs. 24000. Bisht's income is 10% higher than Amit's, and Cherry's income is 50% higher than Amit's. If Cherry's expenditure is Rs. 24000, what is the amount of savings that Cherry has?
    A Rs.6500 Correct Answer Incorrect Answer
    B Rs.5200 Correct Answer Incorrect Answer
    C Rs.6000 Correct Answer Incorrect Answer
    D Rs.4250 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the income of Amit be Rs. 'a' Therefore, income of Bisht = a + 0.1a = Rs. 1.1a Income of Cherry = a + 0.5a = Rs.1.5a Sum of the incomes of all three employees = 24000 × 3 = Rs.72000 Therefore, a + 1.1a + 1.5a = 72000 Or, 3.6a = 72000 Or, a = Rs. 20000 Therefore, savings of Cherry = 1.5a – 24000 = 30000 – 24000 = Rs.6000

    Practice Next
    More Income and Expenditure Questions

    Relevant for Exams:

    ask-question