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?

Quiz

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

General Calculator / Auto Solver

A man saves % of his monthly salary. If an account of dearness of things he is to increase his monthly expenses by %, he is only able to save $ per month. What is his monthly salary?

Calculated Answer

4166.6666666667

Step by Step Solution

In order to solve problem, you must evaluate (n2 * 100) / (100 - (n1 / 100 * (100 - n0) + 100 - n0)).

n0 =20
n1 =10
n2 =500