How much money did Miss Mishra receive as retirement fund?
I. Out of the total money received, Miss Mishra gave 20% to her husband and 15% to her daughter. Out of the remaining, she invested 60% in Mutual Funds, 30% in Pension fund scheme and the remaining Rs. 3,90,000 she spent on miscellaneous items.
II. Out of the total money received, Miss Mishra invested 62.5% in various schemes, gave 25% of the total money received to her husband and daughter and the remaining money she spent on miscellaneous items.
From I. Suppose Mishra receives Rs. 100x as retirement fund. Then, 100x - (20 + 15)x = 65% Again, 65x - (65x × 90)/100 = 6.5x So, 6.5x = 3,90,000 ∴x = (390000×10)/65 = Rs. 60,000 ∴ Mishra’s retirement fund = Rs. 60,000 Hence I alone is sufficient. In statement II, neither the total amount nor the remaining amount is given. Hence, with this statement we cannot answer the question.
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