Rohan spends 24% of an amount of money on an insurance policy, 36% on food, 18% on children's education and 14% on recreation. He deposits the remaining amount of ₹504 in the bank. What is the total amount that he spends on food and insurance policy together?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹3,780.
Total percentage of money spent by Rohan = 24% + 36% + 18% + 14% = 92%
Percentage of money deposited = 100% - 92% = 8%
Now, 8% = 504
⇒ 1% = 63
Money spent on insurance policy = 36%
⇒ 36 × 63 = ₹2268
Money spent on food = 24%
⇒ 24 × 63 = ₹1512
Total amount spent on food and insurance = ₹2268 + ₹1512 = ₹3780