Multiple Choice Questions on Sonali invests 15 of her monthly salary in insurance policies She spends 55 of her monthly sal........... for Combined State Civil Services Preparation

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Indian Economy - Understanding the basics of Indian economic system

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     Sonali invests 15% of her monthly salary in insurance policies. She spends 55% of her monthly salary in shopping and on household expenses. She saves the remaining amount of Rs. 12,750. What is Sonali’s monthly income?

    Rs. 42,500

    Correct Answer

    Rs. 38,800

    Incorrect Answer

    Rs. 40,000

    Incorrect Answer

    Rs. 35,500

    Incorrect Answer
    Explanation:

    Let total amount = x.
    Insurance = 15%
    Shopping + Household = 55%
    Total Expense = 15%+ 55% = 70%
    Saving = Income - Expenses = 100% - 70% = 30%
    30% is remaining amount.
    Given,remaining amount = 12,750
    30%x = 12750
    x = 42,500


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