A man saves 20% of his monthly salary.
A man saves 20% of his monthly salary. If an account of dearness of things he is to increase his monthly expenses by 10%, he is only able to save Rs. 500 per month. What is his monthly salary?
Answer/Solution
Rs.4167
Steps/Work
Income = Rs. 100
Expenditure = Rs. 80
Savings = Rs. 20
Present Expenditure 80+80*(10/100) = Rs.88
Present Savings = 100 – 88 =Rs. 12
If savings is Rs. 12, salary = Rs. 100
If savings is Rs.500, salary = 100/12*500 = 4167
Answer : C
Expenditure = Rs. 80
Savings = Rs. 20
Present Expenditure 80+80*(10/100) = Rs.88
Present Savings = 100 – 88 =Rs. 12
If savings is Rs. 12, salary = Rs. 100
If savings is Rs.500, salary = 100/12*500 = 4167
Answer : C