New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    The combined income of 'Sam' and 'Neil' is Rs. 120,000.

    If Sam's income were Rs. 35,000 more, it would be 50% more than Neil's original income. Both Sam and Neil spend 80% and 70% of their respective incomes. Find the difference between their savings.
    A Rs.2900 Correct Answer Incorrect Answer
    B Rs.6952 Correct Answer Incorrect Answer
    C Rs.7900 Correct Answer Incorrect Answer
    D Rs.7000 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the original income of 'Sam' be Rs.'s' Therefore, the original income of 'Neil' = Rs.120,000 - s ATQ, Therefore, the income of 'Sam' = Rs. 58,000 and 'Neil' = Rs. 62,000. Therefore, savings of 'Sam' = 0.20 × 58,000 = Rs. 11,600. Savings of 'Neil' = 0.30 × 62,000 = Rs. 18,600. Required difference = 18,600 - 11,600 = Rs. 7,000.

    Practice Next