New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    There are two friends, 'C' and 'D'. Income of 'C' is Rs.

    54,000. 'D' saves 25% of his income and 'C' saves 40% of his income. If savings of 'D' are Rs. 2,500 more than that of 'C', then find the difference between expenditures of 'C' and 'D'.
    A Rs.39,900 Correct Answer Incorrect Answer
    B Rs.39,000 Correct Answer Incorrect Answer
    C Rs.45,900 Correct Answer Incorrect Answer
    D Rs.30,000 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the income of 'D' be Rs. 'q'. Savings of 'C' = 0.40 X 54000 = Rs. 21,600 So, savings of 'D' = 0.25 X q = 21600 + 2500 So, q = (24100/0.25) = 96,400 Therefore, expenditure of 'D' = 0.75 X q = 0.75 X 96400 = Rs. 72,300 So, required difference = 72300 - 32400 = Rs.39,900

    Practice Next