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    Question

    Income of 'A' is Rs. 1,000 more than that of 'B'. Both

    spend 20% of their respective incomes. If the savings of 'C' is 16% of his income and is equal to the difference between the savings of 'A' and 'B', then find the income of 'C'.
    A Rs. 5,000 Correct Answer Incorrect Answer
    B Rs. 3,000 Correct Answer Incorrect Answer
    C Rs. 4,000 Correct Answer Incorrect Answer
    D Rs. 7,500 Correct Answer Incorrect Answer
    E Rs. 6,000 Correct Answer Incorrect Answer

    Solution

    Let the income of 'A' be Rs. 'x' Therefore, income of 'B' = Rs. (x − 1000) Difference between their savings
    = 0.80x − 0.80(x − 1000)
    = 0.80x − 0.80x + 0.80 × 1000
    = Rs. 800 Therefore, income of 'C' = (800 / 0.16) = Rs. 5,000

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