A man spends 15% of his income on house rent, 60% of the rest on household expenses and saves the rest. If he saves ₹52,500, what is his total income (in ₹, rounded off to the nearest tens)?
Answer & explanation
Correct answer: option 1
15% = \(\frac{3}{20}\) , 60% = \(\frac{3}{5}\)
Let the person income = 100x
Expenditure on rent = \(\frac{3}{20}\) × 100x = 15x
Expenditure on household expenses = \(\frac{3}{5}\) × 85x = 51x
Saving = 100x - 15x - 51x = 34x
ATQ,
34x = 52500
x = \(\frac{52500}{34}\) = 1544.1174
100x = 100 × 1544.1174 = 154411.74
= 154410 (approx)