Mayank spend 35% of his monthly income on household items, 25% on electronic items, and 7% on medicines. He saves the remaining amount of ₹11,550. What is Mayank's monthly income (in ₹)?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹35,000
Let Mayank's income be ₹x -
Percentage of money Mayank saves = 100 - (35 + 25 + 7) = 100 - 67 = 33%
Now,
33% of Mayank's income = ₹11,550
So,
33% of x = ₹11,550
0.33x = 11,550
x = 11,550 ÷ 033
x = ₹35,000