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Multiple Choice Questions

Mr Suresh rsquo s average monthly expenditure for the first four months of the year was Rs 260 For t...........

Quantitative Aptitude (CPO) Average

Mr.Suresh’s average monthly expenditure for the first four months of the year was Rs.260 For the next five months,the average monthly expenditure was Rs.40 more than what it was during the first four months. If he spent Rs.560 in all during the remaining three months of the year, Find what percentage of his annual income of Rs.5000 did he save in the year?

42%

48%

38%

24%

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Explanation:

Suresh’s average monthly expenditure for the first four months of the year = Rs.260.
260 * 4 = Rs. 1040
For the next five months,the average monthly expenditure was Rs.40 more than what it was during the first four months. He spent 260 + 40 for one month
In 5 months he spent 300 * 5 = 1500
He spent Rs.560 in all during the remaining three months of the year.
Total expenditure = 1040 + 1500 + 560 = 3100
Savings = 5000-3100 = 1900
% savings = 1900/5000 * 100 = 38%

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