Multiple Choice Questions on A person spends 30 of monthly salary on rent 25 on food 20 on children rsquo s education and 12 on e........... for Mathematics - All Exams Preparation

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Indian Economy - Understanding the basics of Indian economic system

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    A person spends 30% of monthly salary on rent, 25% on food, 20% on children’s education and 12% on electricity and the balance of Rs. 1040 on the remaining items. What is the monthly salary of the person?

    8000

    Correct Answer

    9000

    Incorrect Answer

    9600

    Incorrect Answer

    10600

    Incorrect Answer
    Explanation:

    Let the monthly salary of the person be x. then,
    Total spends of a person = (30 + 25 + 20 + 12) = 87%
    Remaining % = 100 – 87 = 13%
    So, 13% ≡ 1040
    100% ≡ x
    By the cross multiplication, we get
    x = 1040 x 100/ 13 = 80 × 100 = Rs. 8000


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