Ram loses $12\frac{1}{2}$ % of his money and after spending 75% of the remainder, is left with ₹630. How much money did Ram have initially ?
Answer & explanation
Correct answer: option 2
Let Ram initially have to be Rs. 100x
According to question ,
= 100x × 12.5%
= 12x
So,
Remaining money = 100x - 12.5x
= Rs. 87.5x
87.5x × \(\frac{25}{100}\) = Rs. 630
87.5x = 630 × 4
87.5x = 2520
x = \(\frac{2520}{87.5}\)
x = 28.8
So, 100x = 2880