A man spends ₹78,00 per month from his salary. He saves 40% of his salary. What is the salary (in ₹) for the whole year?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e.15,60,000.
Let the salary be 100%.
Savings = 40%
Now, expenditure = 100% - 40% = 60%
Given, 60% = 7800
⇒ 1% = 1300
⇒ 100% = 130000
Now salart of 12 months = 12 × 130000 = 15,60,000