Question
The sum of the original incomes of ‘X’ and ‘Y’
is Rs. 60000. If the income of ‘X’ had been Rs. 6000 more, then it would have been 20% more than the original income of ‘Y’. ‘X’ and ‘Y’ spend 80% and 75% of their respective original incomes. Find the difference between their savings.Solution
Let the original income of ‘X’ be Rs. x Therefore, original income of ‘Y’ = Rs. (60000 – x) According to the question, (x + 6000) = 1.2(60000 – x) Or, x + 6000 = 72000 – 1.2x Or, 2.2x = 66000 Or, x = 30000 Income of ‘X’ = Rs. 30000
Income of ‘Y’ = Rs. 30000 Savings of ‘X’ = 20% of 30000 = Rs. 6000
Savings of ‘Y’ = 25% of 30000 = Rs. 7500 Required difference = Rs. 1500
Which article of the Indian constitution says, ‘The state shall take steps to separate the judiciary from the executive in the public services of the ...
What was Professor Arvind Panagariya's former job before becoming Chairman of the 16th Finance Commission of India?
What is total fertility rate (children per woman) of India as per national family health survey 2019-21?
Which of the following statements is/are correct about the famous place Mawsynram?
A. It is the wettest place on the earth.
B. It is locat...
Which unsaturated aliphatic hydrocarbon composed of 20 carbon atoms is used to make candles and paraffin wax with solar energy storage capacity?
The Padma Shri awardee Guru K Kalyanasundaram Pillai, the man who is keeping an ancient tradition alive,was awarded the Padma Shri 2023 for his contribu...
Where did the Prime Minister inaugurate the Pandit Deendayal Upadhyaya Institute of Archaeology in 2019?
Which bank is associated with the “Lakhpati Didi” scheme?
Which of the following is the most widely used method for refining impure metals?
Who among the following is the author of the book ‘Overdraft: Saving the Indian Saver’?