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QUESTION
Q
Mangesh spends 17% of his monthly income on travelling. He spends 25% of his monthly income on household expenses and 36% of his...
Mangesh spends 17% of his monthly income on travelling. He spends 25% of his monthly income on household expenses and 36% of his monthly income on medical expenses. He has remaining amount of Rs.10032/- as cash with him. What is Mangesh’s annual income?
A
Rs.550300
B
Rs.536500
C
Rs.547200
D
Cannot be determined
E
None of these
A
Rs.550300
B
Rs.536500
C
Rs.547200
D
Cannot be determined
E
None of these
Solution
Let, Mangesh’s monthly income be = NMangesh’s monthly percentage expenditure is= 17 + 25 + 36 =...
Let, Mangesh’s monthly income be = N
Mangesh’s monthly percentage expenditure is
= 17 + 25 + 36 = 78%
Remaining amount = 100 − 78 = 22%
22% of N = Rs.10032
Therefore N = 10032/0.22 = Rs.45600
Mangesh’s annual income = 45600 × 12
= Rs.547200/-
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