Question
The monthly incomes of 'A' and 'B' are in the ratio of
3:4, respectively. Both 'A' and 'B' have identical monthly expenditures, while their monthly savings are in the ratio of 1:2. Calculate the percentage of 'B's expenditure in relation to his total monthly income.Solution
Let the monthly income of ‘A’ and ‘B’ be Rs. ‘3x’ and Rs. ‘4x’ respectively. Let the expenditure of ‘A’ and ‘B’ be Rs. ‘y’. ATQ, (3x – y)/ (4x – y) = 1/2 Or, 6x – 2y = 4x – y So, 2x = y So, expenditure of ‘B’ = Rs. ‘2x’ Required percentage = (2x/4x) × 100 = 50%
The Marginal cost of production of a commodity is
Interest payments on public debt are considered part of:
National Income is the
In the new integrated food security scheme, Pradhan Mantri Garib _______Ann Yojana, what comes in the blank?
A pure Monopoly is when there is single _______.
Which entity is tasked with the administration of direct tax laws in India?
If the supply of sugar increases in a market in equilibrium, the equilibrium price will _______ and the equilibrium quantity will _______.
Which one of the following is not one of the main objectives of the (Special Economic Zones Act) SEZ Act 2005?
Consumer sovereignty implies that consumers:
Fith five year plan is based on which of the following model
Relevant for Exams:
