Ramesh's salary is 20 percent more than Raman's salary. If Ramesh saves Rs. 33750 which is 75 percent of his salary, then what is Raman's salary?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. Rs. 37500.
Let, Raman's salary be x
Ramesh's salary is 20 percent more than Raman's salary
Ramesh's salary = x + 120%x
⇒ x + 0.20x = 1.20x
Ramesh saves Rs. 33750, which is 75 percent of his salary
⇒ 0.75 × Ramesh's salary = 33750
⇒ 0.75 × 1.20x = 33750
⇒ 0.90x = 33750
⇒ x = 33750/0.90
⇒ x = 37500
Thus, Raman's salary is Rs. 37500.