Deepak spends 75% of his income, whereas Karan spends 80% of his income. Both of them save Rs. 7,500 each. The income of Sanjay is one-third of the sum of the income of Deepak and Karan. If Sanjay spends (7/9)th of his income, then find his savings.
Show answer & explanation
Correct answer: C
Explanation
Deepak's Savings = 25% of Income
0.25D = 7,500
D = 30,000
Karan's Savings = 20% of Income
0.20K = 7,500
K = 37,500
Sanjay's Income = (D + K) / 3 = (30,000 + 37,500) / 3 = 22,500
Sanjay's Expenditure = 7/9 × 22,500 = 17,500
Sanjay's Savings = 22,500 − 17,500 = 5,000 Rupees