A person spends 10% of his income on groceries, 10% on medicines, 20% on children’s education, 15% on house rent, and he saves the remaining amount. If his monthly income is ₹30,000, find his savings.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. ₹13,500.
Given that, monthly income = ₹30,000
According to the given question,
Expenditure on groceries = 10% of 30000
⇒ 3000
Expenditure on medicines = 10% of 30000
⇒ 3000
Expenditure on children's educatrion = 20% of 30000
⇒ 6000
Expenditure on house rent = 15% of 30000
⇒ 4500
Total expenditure = 3000 + 3000 + 6000 + 4500
⇒ 16500
Total savings = 30000 - 16500 = 13500