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      Question

      Monthly savings of X is 58% of his monthly income which

      is Rs. 5000. 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. 6157.5 Correct Answer Incorrect Answer
      B Rs. 6657.5 Correct Answer Incorrect Answer
      C Rs. 6257.5 Correct Answer Incorrect Answer
      D Rs. 6220.5 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Monthly savings of X = 0.58 Γ— 5000 = Rs. 2900 Monthly expenditure of X = 5000 – 2900 = Rs. 2100 Monthly expenditure of Y = (15/8) Γ— 2100 = Rs. 3937.5 Monthly savings of Y = 3937.5/1.25 = Rs. 2320 Monthly income of Y = 2320 + 3937.5 = Rs. 6257.5

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