New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    The monthly income of 'C' is Rs. 30,000 whereas the

    monthly income of 'D' is 50% more than that of 'C'. Find the difference between the savings of 'C' and 'D' if 'C' and 'D' spend 30% and 50% of their respective incomes.
    A Rs.1,500 Correct Answer Incorrect Answer
    B Rs.2,500 Correct Answer Incorrect Answer
    C Rs.1,200 Correct Answer Incorrect Answer
    D Rs.1,550 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Monthly income of 'D' = 150% of 30,000 = (1.5) X 30,000 = Rs. 45,000 Savings of 'C' = (100 - 30) % of 30,000 = (0.7) X 30,000 = Rs. 21,000 Savings of 'D' = (100 - 50) % of 45,000 = (0.5) X 45,000 = Rs. 22,500 So, required difference = 22,500 - 21,000 = Rs.1,500

    Practice Next

    Relevant for Exams: