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

    Question

    Monthly savings of X is 55% of his monthly income which

    is Rs. 6800. If ratio of monthly expenditure of Y and X is 15:8 respectively and monthly savings of X is 25% more than that of Y then find monthly income of Y.
    A Rs. 8729.5 Correct Answer Incorrect Answer
    B Rs. 8629.5 Correct Answer Incorrect Answer
    C Rs. 8719.5 Correct Answer Incorrect Answer
    D Rs. 8739.5 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Monthly savings of X = 0.55 × 6800 = Rs. 3740 Monthly expenditure of X = 6800 – 3740 = Rs. 3060 Monthly expenditure of Y = (15/8) × 3060 = Rs. 5737.5 Monthly savings of Y = 3740/1.25 = Rs. 2992 Monthly income of Y = 5737.5 + 2992 = Rs. 8729.5

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