New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    Rahul saves Rs. 7200 more if he spends 65% of his income

    instead of 85%. Find the savings of Sumit whose income is 25% 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, 0.85x – 0.65x = 7200 Or, 0.20x = 7200 Or, x = 7200/0.20 = Rs. 36000 Savings of Sumit = 0.15 × 1.25 × 36000 = Rs. 6750

    Practice Next

    Relevant for Exams: