Gauri invests 10 of her monthly salary in mutual funds Out of the remaining salary she spends 30 on ...........

Quantitative Aptitude (SBI-CL) Percentage

Gauri invests 10% of her monthly salary in mutual funds. Out of the remaining salary, she spends 30% on buying groceries. If she invests Rs. 4800 in mutual funds. What is the amount she spends on the groceries?

Rs. 10320

Rs. 11160

Rs. 11880

Rs. 12960

None of these

Explanation:

Investment of Gauri in Mutual funds = 10%
Expenditure on buying groceries = 30% of (100 – 10)% = 30% of 90% = 27%
According to question
10% ≡ Rs. 4800
⇒ 1% ≡ Rs. 480
⇒ 27% ≡ Rs. 480 × 27 = Rs. 12960