Question

    The income of person P is Rs. 3000 greater than the

    income of person Q. If each spends 70% of their respective incomes, what is the difference between their savings?
    A 668 Correct Answer Incorrect Answer
    B 855 Correct Answer Incorrect Answer
    C 900 Correct Answer Incorrect Answer
    D 925 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let, income of Q be Rs. x Savings of Q = 30% of x = Rs. 0.3x So, income of P = Rs. ‘x + 3000’ Savings of P = 30% of (x + 3000) = Rs. ‘0.3x + 900’ Required difference = 0.3x + 900 – 0.3x = Rs. 900 

    Practice Next
    More Income and Expenditure Questions

    Relevant for Exams:

    ask-question