A person spends 40% of his salary on food items, 50% of the remaining on transport, and 30% of the remaining on clothes. After spending on food, transport and clothes, he saves ₹1,260 every month, what is his monthly salary?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. ₹6,000.
Let salary = x
Food = 40% of x = 0.4x
Remaining = 0.6x
Transport = 50% of 0.6x = 0.3x
Remaining = 0.3x
Clothes = 30% of 0.3x = 0.09x
Remaining (savings) = x - (0.4x + 0.3x + 0.09x) = 0.21x
Given: 0.21x = 1260 → x = 1260 / 0.21 = 6000