Question
Monthly income of 'P' is twice the monthly income of
'Q'. 'Q' spends 65% of his income in a month while saves Rs. 9800. Monthly income of 'R' is 20% more than that of 'P' and 'P'spends 78% of his income. If 'R' saves 28% of his income then determine the difference between the savings of 'P' and 'R'.Solution
ATQ, Income of Q = 9800/0.35 = Rs. 28000 Income of P = 2 × 28000 = Rs. 56000 Saving of P = 0.22 × 56000 = Rs. 12320 Income of R = 1.2 × 56000 = Rs. 67200 Saving of R = 0.28 × 67200 = Rs. 18816 Required difference = 18816 – 12320 = Rs.6496
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