Simplification - Quantitative Aptitude (MCQ) questions for Q. 21098

Q.  Ramesh spends 40% of his monthly salary on food, 40% of the remaining on conveyance and clothes and saves 50% of the remaining amount. If his monthly salary is  Rs.17,000, how much money does he save every month ?
- Published on 20 Apr 16

a. Rs. 3,400
b. Rs. 3060
c. Rs. 2,540
d. Rs.1,880
e. None of these

ANSWER: Rs. 3060
 
Ramesh's monthly income = Rs.17,000
He spends 40% on food.
The total money spent on food = 40/100 * 17000 = Rs. 6800
Now, his monthly remaining income = Rs.17000 – Rs.6800 = Rs. 10200
Out of Rs. 10200, he spends 40% on conveyance and clothes.
The total money spent on conveyance and clothes = 40/100 * 10200 = Rs. 4080
Now, his monthly remaining income = Rs.10200 – Rs.4080 = Rs. 6120
Out of Rs. 6120, he saves 50%.
Amount saved = 50/100 * 6120 = Rs. 3060

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲