A man spent 30% of his monthly income on rent. He spent 15% of the remaining amount on food. 35% of the amount now left was used for all other expenses. If Rs 1,62,435 was left with him, then his monthly income was:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Rs. 4,20,000.
Let the monthly income be 100x.
After spending 30% on rent and 15% of the remaining amount on food.
35% of the amount now left was used for all other expenses.
According to the question,
⇒ 100x × (70/100) × (85/100) × (65/100) = 162435
⇒ x = 4200
Hence, monthly income = 100x = 100 × 4200 = Rs 420000