Swati earns a sum of ₹40,000, out of which she saves 25%. She spends the remaining amount on food and education in the ratio of 3 : 2. What is the percentage of expenditure incurred on education to her total income?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 30%.
Given that, income of Swati = ₹40,000
According to the given question,
Savings of Swati = 25% of her income
⇒ 25% of 40000 = 10000
Expenditure of Swati = 40000 - 10000 = 30000
Given, ratio of expenditure on food and education = 3 : 2
Expenditure on education = = 12000
Required percentage = = 30%
Hence the percentage of expenditure incurred on education to Swati's total income is 30%.