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Ravi spends 20% of his monthly income on his house rent, 15% of the remaining on education, then 30% the remaining on clothes and saves the rest. On calculating, he finds that he has finally saved Rs 9520. His monthly income (in Rupees) is:
10000
15000
20000
25000
17500
- Ravi spends 20% of his income on rent. He then spends 15% of the remaining amount on education.
- After these expenses, he further spends 30% of the current remainder on clothes.
- He saves Rs 9520 from whatever is left.
- We need to find his total income based on these savings.
Let's calculate:
1. Let his income be Rs 'X'.
2. After house rent, he has 80% of his income left: 0.8X.
3. After education, he has 85% of 0.8X left: 0.8X * 0.85 = 0.68X.
4. After spending on clothes, he has 70% of 0.68X left: 0.68X * 0.7 = 0.476X.
5. This remainder is his savings: 0.476X = Rs 9520.
6. Solving gives X = 9520 / 0.476 = Rs 20000.
Correct Answer: Option 3 - 20000
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