Question
Download Solution PDFA person spends 25% of his monthly salary on house rent and two-third of the remaining on food and transport. If he saves ₹5,000 per month, then his monthly salary (in ₹) is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Percentage spent on house rent = 25%
Fraction of remaining spent on food and transport = 2/3
Monthly savings = ₹5000
Formula Used:
Remaining amount = Total amount - Amount spent
Savings = Total Salary - (Amount spent on house rent + Amount spent on food and transport)
Calculation:
Let the monthly salary be ₹x.
Amount spent on house rent = 25% of x = 0.25x = x/4
Remaining amount after paying house rent = x - x/4 = 3x/4
Amount spent on food and transport = (2/3) of the remaining amount = (2/3) × (3x/4) = 2x/4 = x/2
Total amount spent = Amount spent on house rent + Amount spent on food and transport = x/4 + x/2 = x/4 + 2x/4 = 3x/4
Savings = Total Salary - Total amount spent
⇒ 5000 = x - 3x/4
⇒ 5000 = (4x - 3x) / 4
⇒ 5000 = x / 4
⇒ x = 5000 × 4
⇒ x = 20000
His monthly salary is ₹20,000.
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