Question
A man donated 8%, 22% and 26% of his income to three
NGOs ‘A’, ‘B’ and ‘C’, respectively. They spent 75%, 80% and 50% of respective sums received by them. If total sum left with three NGOs is Rs. 7760, then find the income of man.Solution
Let the income of the man be Rs. x Therefore, sum donated to NGO ‘A’ = Rs. 0.8x Sum left with NGO ‘A’ = 0.25 × 0.8x = Rs. 0.02x Sum donated to NGO ‘B’ = Rs. 0.22x Sum left with NGO ‘B’ = 0.2 × 0.22x = Rs. 0.044x Sum donated to NGO ‘C’ = Rs. 0.26x Sum left with NGO ‘C’ = 0.5 × 0.26x = Rs. 0.13x According to the question, 0.02x + 0.044x + 0.13x = 7760 Or, 0.194x = 7760 Or, x = 7760/0.194 = 40000 Therefore, income of man = Rs. 40000
During periods of inflation, tax rates shouldÂ
The Lorenz curve is used to display which of the following?
The word ‘BUDGET’ was taken from the _________ word.
Which of the following statements is true?
I. The capital market is a market for securities (debt or equity), where companies and Government ca...
 In which Union Budget was the formation of MUDRA Bank announced?
Which sector contributes the most to India's GDP?
The monetary policy is India is formulated by which of the following authority?
Match the following?
A) Bombay Plan                P) Mr. Jai Prakash Narayan
B) Gandhian Plan           ...
What is the minimum maturity period for which Commercial Paper (CP) can be issued?
What describes 'Disguised unemployment' accurately? Â