New Click here to enroll in UIICL SO Finance and Investment Course

    Register

    Question

    Study the following graph carefully and answer the questions. The following line graph shows the monthly income and savings of five persons in 2018. Expenses = Income - Savings

    E spends 25% of his expenses on Travelling and he spend remaining expense amount on Household and Education. Expenses on Household are 550% more than that of spent on Education. Find E’s annual expenses on Education.

    A Rs.27600 Correct Answer Incorrect Answer
    B Rs.27800 Correct Answer Incorrect Answer
    C Rs.27540 Correct Answer Incorrect Answer
    D Rs.27200 Correct Answer Incorrect Answer
    E Rs.27150 Correct Answer Incorrect Answer

    Solution

    Expenditure of E = 35000 – 12000 = Rs.23000 E spends on Travelling = 23000 × (25/100) = Rs.5750 E spends on Household and Education = 23000 × (75/100) = Rs.17250 Expenses on Household/ Expenses on Education = 13/2 Now, 15 (13 + 2) ------ 17250 => 2 ------ (17250/15) × 2 = 2300 E’s annual expense on Education = 2300 × 12 = Rs.27600

    Practice Next