Question
B invests 40% of his monthly salary on Travelling and
25% of remaining on Food. Again, he invested 20% of the remaining (after travelling and food expenses) on Rent. If he invested Rs. 7,200 on Rent and Food, then find his monthly salary.Solution
Let monthly salary of B = 100x Amount invested on Travelling = (40/100) × 100x = 40x Remaining amount = 100x – 40x = 60x Amount invested on Food = (25/100) × 60x = 15x Remaining amount = 60x – 15x = 45x Amount invested on Rent = (20/100) × 45x = 9x ATQ, => (15x + 9x) = 7200 => x = 300 Therefore monthly salary of B = 100 × 300 = Rs. 30,000
What is accounting standard-3 (revised) associated with?
Which global organization adopted the first-ever Pandemic Agreement in 2025 to enhance preparedness?
Under RBI’s scale-based regulatory framework for NBFCs, an NBFC–Peer-to-Peer Lending platform (NBFC-P2P) will always fall under which regulatory lay...
5000 kgs of raw material were bought at Rs.2.5 per kg and 10% is normal waste. If recovery value of the normal waste is Rs.1.2 per kg, then find the cos...
In the absence of Partnership Deed, partners are entitled to:
₹200 paid as wages for erecting a machine should be debited to:
Second hand stocks/shares are traded with: (Common platform for trading)
In GST, the credit of tax paid on the input service used by more than one supplier:
If the overdraft as per the cash book is ₹20,000, and there are unpresented cheques worth ₹3,000, the balance as per ...
A person can hold directorship in ______ companies simultaneously.