Afzal's monthly income is Rs. 35,000. He spends 20% of his monthly income on food, 30% on clothes, and 15% on rent. How much money does Afzal save monthly?
Show answer & explanation
Correct answer: B
Explanation
The Correct answer is option 2 i.e. Rs. 12,250.
Given that
Afzal's monthly income is Rs. 35,000.
He spends 20% of his monthly income on food, 30% on clothes, and 15% on rent.
His monthly savings = 100 - (20 + 30 + 15) = 100 - 65 = 35%
Hence, His monthly savings = 35% of his monthly income
= (35/100) × 35000 = Rs. 12,250