New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    Arjun Spends 20% of his income to

    food, then spends 15% of the remaining amount on rent, followed by 25% of what remains on travel. If 12.5% of the money left after these expenditures amounts to Rs. 765, determine his total income.
    A Rs.12,500 Correct Answer Incorrect Answer
    B Rs.12,000 Correct Answer Incorrect Answer
    C Rs.10,000 Correct Answer Incorrect Answer
    D Rs.16,650 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let, the income of Arjun be Rs. '100x'. Remaining money after spending on food = 0.80 × 100x = Rs. '80x' Remaining money after spending on rent = 0.85 × 80x = Rs. '68x' Remaining money after spending on travel = 0.75 × 68x = Rs. '51x' ATQ, 12.5% of 51x = 765 Or, (1/8) × 51x = 765 [because, 12.5% = (1/8) ] Or, 51x = 6120 Or, x = 120 So, the income of Arjun = 100x = 100 × 120 = Rs. 12,000

    Practice Next

    Relevant for Exams: