Vignesh spends 42% of his monthly salary on food, 16% on house rent, 11% on entertained and 7% on conveyance. But due to some family function, he has to borrow Rs 12,000 from a money lender to meet the expenses of Rs 18,000. What is his monthly salary?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Rs. 25000.
Vignesh spends 42% of his monthly salary on food, 16% on house rent, 11% on entertainment, and 7% on conveyance.
He has to borrow Rs. 12.000 from a money leader to meet the expenses of Rs. 18,000.
Let the monthly salary of Vignesh be 100%.
Percentage of salary left after all expenditure = 100% - (42 + 16 + 11 + 7)% = 24%
Before borrowing he had left with = 18000 - 12000 = Rs. 6000
24% of his salary = Rs. 6000
100% of his salary = 6000(24)/100 = Rs. 25000