A person earns 60,000 per month. He spends 3/5 on essentials, 1/4 on rent, and saves the rest. What is his saving?
Show answer & explanation
Correct answer: A
Explanation
Given:
Monthly Income = ₹60,000
Expenditure on necessities = 3/5
Expenditure on rent = 1/4
Expenditure on necessities = (3/5) × 60,000 = 36,000
Rent = (1/4) × 60,000 = 15,000
Total Expenditure = 36,000 + 15,000 = 51,000
Savings = 60,000 − 51,000 = ₹9,000