Total savings of X and Y is 40% of their total income. Their average expenditure is ₹21,000. What is the total salary of X and Y?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. ₹70,000
Total savings = 40% of total income
Average expenditure = ₹21,000
⇒ Total expenditure = ₹21,000 × 2 = ₹42,000
Let total combined income be x.
Then savings = 40% of x = 0.4x
So, expenditure = remaining 60% of income = 0.6x
0.6x = 42,000
x = = ₹70,000