A man spent 60% of his salary on household expenses, 20% of his salary on rent, and out of the remaining salary, he donated 80% to a trust. If he is left with Rs 20,000, then what is his salary?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Rs. 5,00,000.
let's the man's salary = S
The amount spent on household expenses = 0.60S
The amount spent on rent = 0.20S
The remaining salary = S - (household expenses + rent)
⇒ The remaining salary = S - (0.60S + 0.20S) = 0.20S
⇒ Donated amount = 0.80 × 0.20S = 0.16S
The amount left after donation = 0.20S − 0.16S = 0.04S
Given that, the man is left with Rs 20,000
Hence,
⇒ 0.04S = 20,000
⇒ S = = Rs 5,00,000