Mr. Sharma spends 15% of his total income on rent and 75% of the remaining part on other expenses and still saves Rs.1,700 monthly. What is his monthly income?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. Rs.8,000.
Let, the total income of Mr. Sharma be x
So, according to the question
⇒ x × 85% × 25% = 1700
⇒ x = (1700 × 100 × 100)/85 × 25
⇒ x = 8000
Hence, his monthly income is Rs.8000