Question

    Monthly savings of X is 45% of his monthly income which

    is Rs. 8800. 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. 12200 Correct Answer Incorrect Answer
    B Rs. 12543 Correct Answer Incorrect Answer
    C Rs. 12243 Correct Answer Incorrect Answer
    D Rs. 12643 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Monthly savings of X = 0.45 × 8800 = Rs. 3960 Monthly expenditure of X = 8800 – 3960 = Rs. 4840 Monthly expenditure of Y = (15/8) × 4840 = Rs. 9075 Monthly savings of Y = 3960/1.25 = Rs. 3168 Monthly income of Y = 9075 + 3168 = Rs. 12243

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