A man saves 20% of his monthly salary. If on amount of increase in prices he is to increase his monthly expenses by 20% he is only ableta save Rs 800 per month. His monthly salary is
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Answer:
let salary be x
atq
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Rs. 20,000
Explanation :
Given :
A man saves 20% of his monthly salary.
He increase his monthly expenses by 20%
He is only able to save Rs 800 per month.
To Find :
The monthly salary.
Solution :
Consider the salary as - Rs 100
So,
Savings = Rs 20
Expenditure = Rs 80
New expenditure :
120% of Rs 80
=> Rs 96.
New savings :
=> Rs 100 - Rs 96
=> Rs 4
=> 4%x = Rs800
=> Rs. 20,000
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