A person spends 60% of his salary on family expenses, 10% on medical expenses, 5% on charity, and saves the remaining amount. If the amount on savings is ₹4,000, find his monthly salary.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹16,000.
Total expenses = 60% + 10% + 5% = 75%
Savings percentage = 100% - 75% = 25%
Monthly salary = (4000/25) × 100 = 16000