Question
Download Solution PDFKiran spends 45% of his income. If he saves ₹66,000, then his income (in ₹) is
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Kiran spends 45% of his income.
He saves ₹66,000.
Formula used:
Total Income = Savings ÷ (1 - Spending Percentage)
Calculation:
Total Income = 66,000 ÷ (1 - 0.45)
⇒ Total Income = 66,000 ÷ 0.55
⇒ Total Income = ₹1,20,000
∴ The correct answer is option (1).
Last updated on Jul 19, 2025
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