Question
Y allocates his monthly income as follows: 12% for rent,
18% for groceries, and 30% for bills, while saving the remaining amount. If his savings amount to Rs. 12,000, determine his total monthly income (in Rs.).Solution
ATQ;
Total expenditure = 12% + 18% + 30% = 60%
Remaining = 40%
Remaining amount = 12,000
So, 40% of income = 12,000
Income = 12,000 × (100 / 40) = 30,000
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