New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Raj saves Rs. 3000 more if he spends 65% of his income

    instead of 85%. Find the savings of Sanjay whose income is 20% more than that of Raj, and spends 85% of his income. 
    A Rs. 4875 Correct Answer Incorrect Answer
    B Rs. 5625 Correct Answer Incorrect Answer
    C Rs. 2700 Correct Answer Incorrect Answer
    D Rs. 4320 Correct Answer Incorrect Answer

    Solution

    Let, the income of Raj be Rs. x According to the question, 0.85x – 0.65x = 3000 Or, 0.20x = 3000 Or, x = 3000/0.20 = Rs. 15000 Savings of Sumit = 0.15 × 1.20 × 15000 = Rs. 2700

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