Question

'M' and 'N' have a combined income of Rs. 1,80,000. 'M'

Q: Answer-'M' and 'N' have a combined income of Rs. 1,80,000. 'M' spends 65% of his income, whereas 'N' spends...

Let the income of N be Rs. q. Therefore, income of M Rs. 180000 - q. Savings of M 0.35 180000 - q. Savings of N Rs. 0.4q. According to the question, 0.35 180000 - q 6000 0.4q Or, 63000 0.35q 6000 0.4q Or, 0.75q 63000 - 6000 Or, q 76000 Savings of M 0.35 180000 - q 63000 26600 36400 Savings of N 30400 Therefore, income of O 36400 30400 2 33400 Savings of O 0.40 33400 Rs. 13,360

spends 65% of his income, whereas 'N' spends 60% of her income, resulting in 'N's savings being Rs. 6,000 less than 'M's savings. If 'O's income is equal to the sum of the average savings of 'M' and 'N', then determine 'O's savings, given that he saves 40% of his income.

A Rs. 5,000

B Rs. 11,700

C Rs. 13,360

D Rs. 15,075

E Rs. 25,000

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