Question
A man donated 15%, 20% and 23% of his income to three
NGOs ‘A’, ‘B’ and ‘C’, respectively. They spent 75%, 80% and 50% of respective sums received by them. If total sum left with three NGOs is Rs. 3850, then find the income of man.Solution
Let the income of the man be Rs. x Therefore, sum donated to NGO ‘A’ = Rs. 0.15x Sum left with NGO ‘A’ = 0.25 × 0.15x = Rs. 0.0375x Sum donated to NGO ‘B’ = Rs. 0.20x Sum left with NGO ‘B’ = 0.2 × 0.20x = Rs. 0.04x Sum donated to NGO ‘C’ = Rs. 0.23x Sum left with NGO ‘C’ = 0.5 × 0.23x = Rs. 0.115x According to the question, 0.0375x + 0.04x + 0.115x = 3850 Or, 0.1925x = 3850 Or, x = 3850/0.1925 = 20000 Therefore, income of man = Rs. 20000
What is LIBOR?
ABC Inc’s Income statement shows a sale of Rs 2000, COGS of Rs 800, Pre-Interest Operating Expenses of Rs 600 and Interest expenses of Rs 200. Int...
Which of the following Schemes of Government contributed towards Inclusive Growth of India?
I- Mahatma Gandhi National Rural Employment Guarantee...
A company has opening balance of debtors of Rs.3 lakh. If the doubtful provision is 5% and discount is 2%, what is the net balance of debtors at the end...
What will be the BEP in units when the sales price is Rs.40 per unit, fixed cost is Rs.60000 and the PV ratio is 40%?
Which of the following function of management requires intellectual ability?
What are the eligible investors under the Fully Accessible Route (FAR)?
A s per which concept, total Notional profit should not be transferred to Profit and Loss Accounts but the portion of it should be kept in reserve to m...
NPS is regulated by _____
What are the custodian’s asset servicing charges for Atal Pension Yojana (APY)?
Relevant for Exams:
