Question
The annual income of Nittu is Rs.120000. She spends 15%
on EMS monthly. From the rest she spends '2b'% on clothes. From the remaining she invests in MF and SIP in the ratio of 5:3 respectively. If the amount invest on MF is Rs. 4250, then find the value of 'b'.Solution
ATQ, Monthly Income = 10,000, EMS = 15%, So 1,500. Remaining = 8,500. Spends on clothes = 2b%. Remaining after clothes = 8,500 × (1− (2b/100)). Investment: MF to SIP ratio = 5:3. MF amount = (5/8) × Remaining after clothes Given MF = 4,250 Solve:- 
               
Hence, the value of 'b' is 10.
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