A man loses 20% of his money and after spending 80% of the amount , he has left with Rs.160. How much did he have at first?
Answer & explanation
Correct answer: option 2
Let, A man has money in the beginning = 100
20% he lost, so, remaining money = 100 - 20 = 80
After spending 85% of the remaining amount we left = 80 x \(\frac{100-80}{100}\)
= 16
so, 16K = Rs. 160 (given)
K = Rs. 10
So,
The Man has the money in the beginning = 100K = 10 x 100 = Rs.1000
The Man has the money in the beginning = Rs.1000