Rajeev saves 75% of his monthly income. If his monthly expenditure is ₹37,500, then his monthly saving (in ₹) is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e 1,12,500.
Rajeev saves 75% of his monthly income
His expenditure = ₹37,500 = 25% of income.
Let total income = ₹X.
Then,
⇒ 25% of X = 37,500
⇒ X = 37,500 ÷ 0.25
⇒ X = ₹1,50,000
Now, saving = 75% of income = 75% of ₹1,50,000 = ₹1,12,500