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      Question

      Ajay’s income is Rs. 50000. He spent Rs. 15000 less than

      the amount he managed to save. Find the percentage of income he used for expenses.
      A 28% Correct Answer Incorrect Answer
      B 20% Correct Answer Incorrect Answer
      C 47% Correct Answer Incorrect Answer
      D 35% Correct Answer Incorrect Answer

      Solution

      ATQ,

      Let the amount saved by Ajay = Rs. Y

      Then, amount spent by Ajay = Rs. (Y - 15000)

      We have, Y + Y - 15000 = 50000

      Or, Y = (50000 + 15000) ÷ 2 = Rs. 32500

      So, amount spent by Ajay = 32500 - 15000 = Rs. 17500

      Required percentage = (17500 / 50000) × 100 = 35%

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