A person, who spends 68% of his monthly income, is able to save Rs. 14,720 per month. Find his total expenses.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Rs. 31,280.
Income = Expenditure + Savings
100% = 68% + Savings
Savings = 32%
Total savings of the man = Rs. 14,720
⇒ 32% = Rs 14720
So, Expenditure = (14720/32) × 68%
Expenditure = Rs 31280