New Register for Workshop on How to start for NABARD 2025 (Stepwise Plan) - Apr 26, 7 PM

    Question

    Monthly income of Aisha and Tom is Rs. 75,200 and Rs.

    82,000 respectively. Aisha spends 13%, 18%, and 22% on house rent, food, and education of children respectively while Tom spends 14%, 21%, and 15% on house rent, food, and education of children respectively. If Aisha and Tom spend 25% and 22% of their monthly income on other expenses, then find the difference between the savings of Tom and Aisha.
    A Rs.6,416 Correct Answer Incorrect Answer
    B Rs.5,300 Correct Answer Incorrect Answer
    C Rs.2,360 Correct Answer Incorrect Answer
    D Rs.8,360 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Calculate Aisha's Total Expenses Aisha's monthly income: Rs. 75,200 House rent: 13% of 75,200 = 9,776 Food: 18% of 75,200 = 13,536 Education: 22% of 75,200 = 16,544 Other expenses: 25% of 75,200 = 18,800 Total expenses for Aisha: 9,776+13,536+16,544+18,800=58,656 Calculate Tom's Total Expenses Tom's monthly income: Rs. 82,000 House rent: 14% of 82,000 = 11,480 Food: 21% of 82,000 = 17,220 Education: 15% of 82,000 = 12,300 Other expenses: 22% of 82,000 = 18,040 Total expenses for Tom: 11,480+17,220+12,300+18,040=59,040 Calculate Savings Aisha's savings: 75,200−58,656=16,544 Tom's savings: 82,000−59,040=22,960 Calculate Difference in Savings: 22,960−16,544=6,416 Difference between the savings of Tom and Aisha is Rs. 6,416.

    Practice Next

    Relevant for Exams: