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    Question

    Shiva’s monthly salary is Rs.75,000. He spends Rs.12,000 on household items, Rs.14,000 on LIC and mutual funds, Rs.15,000 on his children’s education, and keeps Rs.10,000 for miscellaneous expenses. His savings are Rs.21,000 per month and he donates the rest of the amount to an orphanage. The percentage of his income that he donates is

    A 2% Correct Answer Incorrect Answer
    B 4% Correct Answer Incorrect Answer
    C 3% Correct Answer Incorrect Answer
    D 6% Correct Answer Incorrect Answer

    Solution

    monthly income = 75000 Total expense = 12000+14000+15000+10000 Total expense = 51000 savings per month = 21000 donate = 75000-(51000+21000)   =75000-72000= 3000 donates percent = (3000/75000) ×100 =4%

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