a person spends 25% of his annual income on house rent 15% on education of children and 45% on other items if he saves 14400 annually find his annual income
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Answer:
96000
Step-by-step explanation:
house rent = 25 %
education of children = 15 %
other items = 45 %
left out percentage which is saved = 100 % - 25 % - 15% - 45 % = 100 % - 85 % = 15 %
14400 - 15 %
annual income is 100 %
annual income = 100 % x 14400 / 15 %
= 100 x 14400 / 15 = 96000
annual income = Rs.96000
verification:
savings = 96000 x 15 % = 14400
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