Multiple Choice Questions on Sohan spends 23 of an amount of money on an insurance policy 33 on food 19 on children rsquo s educa........... for Mathematics - All Exams Preparation

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Indian Economy - Understanding the basics of Indian economic system

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    Sohan spends 23% of an amount of money on an insurance policy, 33% on food, 19% on children’s education and 16% on recreation. He deposits the remaining amount of Rs. 504 in bank. How much total amount did he spend on food and insurance policy together?

    Rs.3146

    Incorrect Answer

    Rs.3126

    Incorrect Answer

    Rs.3136

    Correct Answer

    Rs.3048

    Incorrect Answer
    Explanation:

    Total amount = x
    Savings(%)
    [100 – (23 + 33 + 19 + 16 )]% = 9 %
    9% of x = 504
    => x = 504 * 100/9 = 5600
    Amount spend on food and insurance policy together = 56% of 5600 = Rs.3136


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