Question
Download Solution PDFX spends 16% of his income on travel, 40% on groceries and 14% on family medical expenses every month. He is left with a sum of ₹ 9,630. Find his annual income.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
X spends 16% of his income on travel, 40% on groceries, and 14% on family medical expenses every month. He is left with a sum of ₹9,630.
Formula used:
Total monthly expenses percentage = 16% + 40% + 14%
Savings percentage = 100% - Total monthly expenses percentage
Monthly income = Savings amount / (Savings percentage / 100)
Annual income = Monthly income × 12
Calculations:
Total monthly expenses percentage = 16% + 40% + 14%
⇒ Total monthly expenses percentage = 70%
Savings percentage = 100% - 70%
⇒ Savings percentage = 30%
Monthly income = ₹9630 / (30 / 100)
⇒ Monthly income = ₹9630 / 0.30
⇒ Monthly income = ₹32,100
Annual income = ₹32,100 × 12
⇒ Annual income = ₹3,85,200
∴ The correct answer is option (4).
Last updated on Jun 2, 2025
-> The RRB NTPC Admit Card 2025 has been released on 1st June 2025 on the official website.
-> The RRB Group D Exam Date will be soon announce on the official website. Candidates can check it through here about the exam schedule, admit card, shift timings, exam patten and many more.
-> A total of 1,08,22,423 applications have been received for the RRB Group D Exam 2025.
-> The RRB Group D Recruitment 2025 Notification was released for 32438 vacancies of various level 1 posts like Assistant Pointsman, Track Maintainer (Grade-IV), Assistant, S&T, etc.
-> The minimum educational qualification for RRB Group D Recruitment (Level-1 posts) has been updated to have at least a 10th pass, ITI, or an equivalent qualification, or a National Apprenticeship Certificate (NAC) granted by the NCVT.
-> This is an excellent opportunity for 10th-pass candidates with ITI qualifications as they are eligible for these posts.
-> The selection of the candidates is based on the CBT, Physical Test, and Document Verification.
-> Prepare for the exam with RRB Group D Previous Year Papers.