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    Question

    'P' allocates 25% of his income to rent and then spends 40% of the remaining amount on food and travel. After these expenses, he spends Rs. 5600 on miscellaneous items and saves the remaining Rs. 16000, which is one-third of his total income. Determine his expenditure on food and travel.

    A Rs.24400 Correct Answer Incorrect Answer
    B Rs.14400 Correct Answer Incorrect Answer
    C Rs.14500 Correct Answer Incorrect Answer
    D Rs.14600 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the total income of 'P' be Rs. 3p Therefore, his savings = 3p/3 = Rs. p According to the question, p = 16000 Therefore, 3p = Rs. 48000 Required expenditure = 0.4 × 0.75 × 48000 = Rs.14400

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