New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Rahul saves Rs. 5800 more if he spends 55% of his income

    instead of 75%. Find the savings of Sumit whose income is 20% more than that of Rahul, and spends 85% of his income. 
    A Rs. 6375 Correct Answer Incorrect Answer
    B Rs. 5625 Correct Answer Incorrect Answer
    C Rs. 3780 Correct Answer Incorrect Answer
    D Rs. 5220 Correct Answer Incorrect Answer
    E Rs. 6750 Correct Answer Incorrect Answer

    Solution

    Let, the income of Rahul be Rs. x According to the question, 0.75x – 0.55x = 5800 Or, 0.20x = 5800 Or, x = 5800/0.20 = Rs. 29000 Savings of Sumit = 0.15 × 1.20 × 29000 = Rs. 5220

    Practice Next

    Relevant for Exams: