A man spends 72% of his salary and saves Rs 5,740 per month. What is 10% of his annual salary (in Rs)?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 24600.
Calculations:
A man spends 72% of his salary and saves Rs 5,740 per month
Savings (%) = 100 - 72 = 28%
According to the question;
⇒ 28% = 5740
⇒ 1% = 205
His salary = 100% = 20500
Annual salary = 12 × 20500 = 246000
Hence, 10% of his annual salary = 10% of 246000 = Rs. 24600