Jay spends 50% of his monthly income on groceries and bills, 20% of his monthly income on buying clothes, 5% of his monthly income on medicines, and the remaining amount of ₹12,500 he saves. What is Jay's monthly income?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹50,000.
Let monthly income = ₹x
Total expenditure = 50 + 20 + 5 = 75%
Remaining = 25%
According to the question,
⇒ 25% of x = 12500
⇒ x = 50,000