Question
'M' allocates 20% of his income to food and 40% of the
remaining amount to rent. The expenditure on education is three times higher than his savings, which constitute 1/18th of his income. In addition, his miscellaneous expenses, excluding food, rent, and education, amount to Rs. 9100. Determine the combined amount spent by 'M' on food and rent.Solution
ATQ, Let the total income of 'M' be Rs.'18a' Therefore, savings of 'M'= (1/18) × 18a = Rs.'a' Amount spend by him on education = 4 × a = Rs. 4a Amount spent by him on food = 0.2 × 18a = Rs. 3.6a Amount spent by him on rent = 0.4 × 0.8 × 18a = Rs. 5.76a ATQ, 18a – (a + 4a + 3.6a + 5.76a) = 9100 Or, a = 9100/3.64 = Rs. 2500 Required spending = (5.76a + 3.6a) = 9.36a = Rs.23400
Which state government has announced monthly pension for the Padma awardees of the state?
The Securities and Exchange Board of India (Sebi) has made it mandatory for all demat account holders to either furnish nomination declarations or opt o...
India ranks third globally in which hidden cost category according to the FAO 2024 report?
The National Payments Corporation of India (NPCI), has launched two conversational payments initiatives that are aimed at increasing convenience and acc...
Which bank introduced a 'Mobile Handheld Device' to enhance accessibility and convenience?
What milestone did UPI achieve in October 2024, and which transaction type primarily drove this growth?
RBI has launched _________ the second phase of the central bank’s medium-term strategy for strengthening regulatory and supervisory mechanisms.
Which company has introduced a new initiative that enables consumers to invest in mutual funds using the company’s debit cards in partnership with Raz...
What is the theme of the 12th Global Space Exploration Conference (GLEX 2025)?
LIC Mutual Fund announced the appointment of ___________ as its managing director and chief executive officer.