Question
Download Solution PDFRima spends 35% of her monthly income on food articles and 15% of the remaining on clothes. She saves 40% of the remaining income. If her monthly salary is Rs. 27,500, how much does she save (in Rs.) every month?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGIVEN:
Expenditure on food articles = 35%
Expenditure on Buying clothes = 15%
Savings = 40%
Salary = Rs. 27500
FORMULA USED:
Monthly income = Remaining amount / remaining percentage
CALCULATION:
Expenditure on food articles = 35% * 27500
= 9625
Expenditure on Buying clothes = 15% * (27500 - 9625)
= 2681.25
Savings = 40% * (27500 - 9625 - 2681.25)
= 6077.5
The amount she saves (in Rs.) every month is 6077.5
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