New Enroll in our GIC Finance Online Course Here!

    Register

    Question

     The sum of the original incomes of ‘Atul’ and

    ‘Bineet’ is Rs. 82000. If the income of ‘Atul’ had been 26000 more, then his income would have been 25% more than the original income of ‘Bineet’. ‘Atul’ and ‘Bineet’ spend 85% and 75% of their respective original incomes. Find the difference between savings of ‘Atul’ and ‘Bineet’.
    A Rs.2900 Correct Answer Incorrect Answer
    B Rs.6952 Correct Answer Incorrect Answer
    C Rs.6900 Correct Answer Incorrect Answer
    D Rs.6400 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the original income of ‘Atul’ be Rs. 'a' Therefore, original income of ‘Bineet’ = Rs. (82000 – a) According to the question, (a + 26000) = 1.25(82000 – a) Or, a + 26000 = 102500 – 1.25a Or, 2.25a = 76500 Or, a = 34000 Therefore, income of ‘Atul’ = a = Rs. 34000 Income of ‘Bineet’ = 82000 – a = Rs. 48000 Therefore, savings of ‘Atul’ = 0.15 × 34000 = Rs.5100 Savings of ‘Bineet’ = 0.25 × 48000 = Rs. 12000 Required difference = 12000 – 5100 = Rs.6900

    Practice Next

    Relevant for Exams: