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'.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
Under the Expense of Management Rules 2023 introduced by Insurance Regulatory and Development Authority of India, general insurance companies can work w...
What is the main purpose of the amendment to Rule 8 of the Securities Contracts (Regulation) Rules, 1957?
Which of the following statements is correct about the Electoral Bond Scheme?
Which of the following statements about the MoU between Aeronautical Development Agency and the Indian Air Force is/are correct?
1. The MoU facil...
On what date was the revised Liberation War Act, removing references to Sheikh Mujibur Rahman, officially notified?
India is hosting the Shanghai Cooperation Organization (SCO) tourism ministers' meeting. It will be held in which city in India?
What is the main objective of the Anganwadi Protocol for Divyang Children, launched by the Ministry of Women and Child Development, as part of Poshan Bh...
What was the percentage rise in gold prices in rupee terms, contributing to the RBI’s gold purchase decision in FY25?
What was the MFI sector’s credit cost in FY25, as reported by ICRA?
In the sunlight-powered photo-capacitor developed at CeNS, the capacitance under illumination increased from 570 mF cm ⁻ ² to what value at 15 mA cm ...