A man spend Rs.675 p.m for the four months and Rs.800 p.m for the next eight months and saves Rs. 4100 a year what is his average monthly income
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Given:
A man spend Rs.675 p.m for the four months and Rs.800 p.m for the next eight months and saves Rs. 4100 a year
To find:
What is his average monthly income
Solution:
From given, we have,
A man spends Rs.675 p.m for the four months and Rs.800 p.m for the next eight months.
Therefore, the total expenditure is given by,
Total Expenditure
= Rs. 675 × 4 months + Rs. 800 × 8 months
= Rs. (2700 + 6400)
= Rs. 9100
He saves Rs. 4100 a year
Total Savings = Rs. 4100
Therefore, the total income is given by,
Total Income
= 9100 + 4100
= Rs. 13200
Therefore, the monthly income is calculated as follows:
Monthly Income = 13200/12 = Rs. 1100
∴ A man's average monthly income is Rs. 1100
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