Question
Virat allocates his income as follows: he spends 35% on
rent and 25% on groceries. From the amount he has left, he donates 25% and saves the remainder. Given that Virat donated Rs. 7,480, calculate how much he spent on groceries.Solution
Let the income of Virat be Rs. '100x' ATQ; Amount spent on rent = 100x X 0.35 = Rs. '35x' Amount spent on groceries = 100x X 0.25 = Rs. '25x' Amount donated by Virat = {100x - 35x - 25x} X 0.25 = Rs. '10x' 10x = 7480 So, 'x' = 748 Therefore, amount spent on groceries by Virat = Rs. '25x' = 748 X 25 = Rs. 18,700
Which one of the following statements correctly describes the meaning of legal tender money?
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