Question
'M' and 'N' have a combined income of Rs. 1,80,000. 'M'
spends 65% of his income, whereas 'N' spends 60% of her income, resulting in 'N's savings being Rs. 6,000 less than 'M's savings. If 'O's income is equal to the sum of the average savings of 'M' and 'N', then determine 'O's savings, given that he saves 40% of his income.Solution
Let the income of 'N' be Rs. 'q'. Therefore, income of 'M' = Rs. (180000 - q). Savings of 'M' = 0.35 × (180000 - q). Savings of 'N' = Rs. '0.4q'. According to the question, 0.35 * (180000 - q) – 6000 = 0.4q Or, 63000 – 0.35q – 6000 = 0.4q Or, 0.75q = 63000 - 6000 Or, q = 76000 Savings of 'M' = 0.35 × (180000 - q) = 63000 – 26600 = 36400 Savings of 'N' = 30400 Therefore, income of 'O' = {36400 + 30400} ÷ 2 = 33400 Savings of 'O' = 0.40 * 33400 = Rs. 13,360
Who presides over the Joint Session of Indian Parliament?
Which Article of the Indian Constitution Establishes the Structure of Parliament?
From which country was the concept of Fundamental Duties in the Indian Constitution borrowed?
The concept of 'Basic Structure' of the Constitution was propounded by the Supreme Court in which case.
Which fundamental rights in the Indian constitution were inspired by the U.S. Constitution?
Which of the following articles of the Indian Constitution pertains to the "High Courts for States"?
Which article of the Indian Constitution deals with the establishment of the Supreme Court's seat?
By which Constitutional Amendment was the subject of 'Education' transferred from the State List to the Concurrent List?
When did the Indian Constitution come into effect?
Who is known as the guardian and final interpreter of the constitution?
Relevant for Exams:
