From her overall earnings, Veena allocates Rs. 8000 to SIP. From the remaining salary, she allocates 10% to vegetables and 7.5% to transportation, which is Rs. 5450 less than the amount spent on house rent. If, after all these expenses, Veena has Rs. 20050 left, determine her spending on house rent.
ATQ, Let the salary of Veena be Rs. y Amount spent on Vegetables= 0.1(y – 8000) Amount spent on transportation = Rs. 0.075(y – 8000) Amount spent on House rent = Rs. 0.075(y – 8000) + 5450 According to the question, y – {0.1(y – 8000) + 0.075(y – 8000) + 0.075(y – 8000) + 5450} = 20050 + 8000 Or, y – 0.25(y – 8000) – 5450 = 28050 Or, 0.75y = 31500 Or, y = Rs. 42000 Amount spent by Veena on rent = 0.075(y – 8000) + 5450 = Rs. 8000
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when designing the product element of the marketing mix for services, marketing managers should give special attention to:
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