Question
Kalpana allocates 30% of her monthly income to
educational expenses and spends 60% of what remains on clubbing activities. If she spends Rs. 3024 on clubbing, how much does she spend on her studies each month?Solution
Let monthly income of Kalpana is Rs. 100x According to question; 0.70 × 0.60 × 100x = 3024 Or, 42x = 3024 Or, x = 72 Amount spent on study = 0.30 × 72 × 100 = Rs. 2160
Who introduced the concept of 'Accredited Investors' in the Indian securities markets?
What was the Foreign Exchange Earnings (FEE) for India in January-June 2024?
Which among the following may be defined as the cost of raising an additional rupee of capital?
What is the primary objective of the Credit Guarantee Scheme introduced for MSMEs in the Budget 2024-25?
The rate of interest equalization for Manufacturers and Merchant Exporters under the interest Equalization Scheme for Pre and Post Shipment Rupee Export...
Under the revised RBI instructions on hedging foreign exchange risk, users are allowed to hedge using exchange-traded foreign exchange derivatives. How...
What does a decreasing inventory turnover ratio usually indicate about a firm
As per the RBI guidelines for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC), Iinterest subvention a...
What is the limit of loan that is covered for guaranteecoverage under the CGTMSE scheme for MSEs?
What provision is required for substandard infrastructure loan accounts?
Relevant for Exams:
