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.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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