A man allocates 75% of his monthly income to expenditures and still manages to save ₹25,000 each month. Determine his monthly expenditure.
Show answer & explanation
Correct answer: C
Explanation
Given:
Savings = ₹25,000
Expenditure = 75%
According to the formula:
Savings = 25% of Income
25% of Income = 25,000
Income = 25,000 × 100 / 25 = 100,000
Expenditure = 75% × 100,000 = 75,000