Venkat spends 65% of his income and is able to save ₹1,100 per month. His monthly expenses (correct up to two decimals) are:
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. $2,042.85.
Let monthly income = ₹x
Savings = Income - Expenses
So,
Savings = x − 0.65x = 0.35x
⇒ 0.35x = 1100 ⇒ x = 1100/0.35 = 3142.8571...
So, monthly income ≈ ₹3142.86
Expenses = 0.65 × 3142.86 ≈ 2042.85