Nazeer spends 20% of his monthly income on housing, 25% of the remaining on education, and saves 10% of the remaining. If his monthly salary is ₹52,600, how much money does he save every month?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. ₹3,156.
Housing expenditure = 0.20 × 52600 = 10520
Remaining income = 52600 - 10520 = 42080
Education expenditure = 0.25 × 42080 = 10520
Remaining income after education = 42080 - 10520 = 31560
Savings = 0.10 × 31560 = 3156