Question
The sum of the original incomes of βRβ and βSβ
is Rs. 60000. If the income of βRβ had been Rs. 6000 more, then it would have been 20% more than the original income of βSβ. βRβ and βSβ spend 80% and 70% of their respective original incomes. Find the difference between their savings.Solution
Let the original income of βRβ be Rs. x Therefore, original income of βSβ = Rs. (60000 β x) According to the question, (x + 6000) = 1.2(60000 β x) Or, x + 6000 = 72000 β 1.2x Or, 2.2x = 66000 Or, x = 30000 Therefore, income of βRβ = Rs. 30000
Income of βSβ = Rs. 30000 Savings of βRβ = 0.20 Γ 30000 = Rs. 6000
Savings of βSβ = 0.30 Γ 30000 = Rs. 9000 Required difference = 9000 β 6000 = Rs. 3000
The training programme under the Pradhan Mantri Kaushal Vikas Yojana comes under?
The government recently imposed a windfall tax on the export of diesel, petrol and air turbine fuel. With reference to the windfall tax in India, consid...
The Reserve Bank of India regulates the commercial banks in matters of :
1. liquidity of assetsΒ
2. branch expansion
3. merger of ...
Β Which of the following statements is/are correct?
1. GDP can both underestimate as well as overestimate the actual welfare of the economy.
...Consider the following statements:
1. The Reserve Bank of India manages and services Government of India Securities but not any State Government ...
How many countries use the euro as their official currency in the European Union?
Which of the following best describes the primary purpose of the ASBA process?
The cost of unit assistance is shared between Central and State Governments in the ratio ________ in plain areas and 90:10 for North Eastern and hilly s...
What is the main objective behind the creation of Regulations Review Authority by RBI?
Consider the following statements regarding One District One Product initiative:
I.The concept of ODOP was first launched by the Uttar Pradesh go...