Ram spends 70% of his salary and deposits 15 % of his salary in the bank. If he is left with Rs. 1500, what is his monthly salary?
Answer & explanation
Correct answer: option 1
Let Ram's monthly salary be ₹$x$.
- He spends 70% of his salary.
- He deposits 15% in the bank.
So, the amount left is:
$100\% - 70\% - 15\% = 15\%$
Given that 15% of his salary = ₹1500.
$0.15x = 1500$
$x = \frac{1500}{0.15} = 10000$