New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

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

    Practice Next