Monthly savings of X is 50% of his monthly income which is Rs. 9000. If ratio of monthly expenditure of Y and X is 15:8 respectively and monthly savings of X is 25% more than that of Y then find monthly income of Y.
Monthly savings of X = 0.50 × 9000 = Rs. 4500 Monthly expenditure of X = 9000 – 4500 = Rs. 4500 Monthly expenditure of Y = (15/8) × 4500 = Rs. 8437.5 Monthly savings of Y = 4500/1.25 = Rs. 3600 Monthly income of Y = 8437.5 + 3600 = Rs. 12037.5
Which material is often referred to as "brown paper"?
National Income is the
Which adjustment is made to nominal GDP to compute real GDP in Indian national accounting practices?
In economic terms, what does VAT stand for?
Who among the following won the ‘Gulbenkian Prize for Humanity’ in 2020?
What is the full form of FDI.
Which of the following is not part of the World Bank Group of Institutions?
If the cash reserve ratio (CRR) decreases, what will happen to credit creation?
A minimum wage is defined as:
What term describes the consumption of fixed capital in an economy?