If an employee's income is ₹72,000, the amount he spends is 40% higher than his savings. Therefore, his savings (in ₹) is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 30000.
Income = ₹72,000
Let the employee's savings = ₹100x
So, the spending = ₹140x
So,
100x + 140x = 72000
⇒ 240x = 72000
⇒ x = 72000/240 = 30000
Therefore, the employee's savings are ₹30,000.