Question
Sanjay earns Rs. 40,000 per month. He spends 20% of his income on conveyance. From the remaining amount, he allocates 25% for groceries. How much does he save after these expenses?
Solution
Amount spent on conveyance = 40000 X 0.2 = Rs. 8,000Remaining income = 40000 - 8000 = Rs. 32,000Amount spent on groceries = 32000 X 0.25 = Rs. 8,000Remaining income = 32000 - 8000 = Rs. 24,000 = amount saved.
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