New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    Monthly income of Sneha is Rs. 32,000 and the ratio of her monthly expenditure to monthly savings is 4:4 respectively. If the average monthly savings of Sneha and Neha is Rs. 14,000 and the monthly expenditure of Neha is 25% more than that of Sneha, then find the percentage of monthly income saved by Neha.

    A 45.5% Correct Answer Incorrect Answer
    B 88.5% Correct Answer Incorrect Answer
    C 37.5% Correct Answer Incorrect Answer
    D 22.5% Correct Answer Incorrect Answer

    Solution

    ATQ, Monthly expenditure of Sneha = (4/3)×32,000 = Rs.16,000 Monthly savings of Sneha = 32,000−16,000=Rs.16,000 Monthly savings of Neha = (14,000×2)−16,000=Rs.12,000 Monthly expenditure of Neha = 1.25×16,000=Rs.20,000 Percentage savings of Neha = {12,000/(12,000+20,000)} × 100 = 37.5%

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