Question
Pawan earns Rs. 40,000, which is 20% less than Bhuvan's
income. Bhuvan spends 60% of his income and saves the remaining amount. The savings ratio of Pawan to Bhuvan is 12:25. Determine how much Pawan spends.Solution
ATQ, Income of ‘Pawan’ = Rs. 40000 Therefore, income of ‘Bhuvan’ = 40000/0.8 = Rs. 50000 Savings of ‘Bhuvan’ = 0.4 × 50000 = Rs. 20000 Savings of ‘Pawan’ = 20000 × (12/25) = Rs. 9600 Expenditure of ‘Pawan’ = 40000 – 9600 = Rs. 30400
The “Depositor Education and Awareness Fund Scheme, 2014”, was notified by Reserve Bank of India (RBI), which covers norms related to unclaimed depo...
The Union Cabinet has approved the National Quantum Mission (NQM) at a total cost of _______ from 2023-24 to 2030-31, aiming to seed, nurture and scal...
iThink Logistics has partnered with ______ in order to bring benefits to Direct-to-Consumer (D2C) startups and small and medium businesses (SMBs) across...
Who has been appointed as an Independent Director and non-executive Chairman for Reliance Strategic Investment Limited (RSIL)?
Which country has been elected as the new Chair of the Association of Asian Election Authorities (AAEA)?
Which community’s cultural heritage is celebrated at the newly inaugurated Banjara Virasat Museum in Maharashtra?
Vipin Sanghi is going to be the chief justice of which high court?
The Reserve Bank of India (RBI) recently extended the timeline for implementation of certain provisions of the master directions it issued on issuance o...
Which statements correctly describe the features of the SBI MSME Sahaj loan facility?
1. The loan process from application to disbursement is les...
RBI has currently completed the test phase under the regulatory sandbox cohort and was evaluated based on mutually agreed test scenarios and expected ou...
Relevant for Exams:
