Question

A person who spends 44/3%of his income saves Rd. 1200 per month. what is his monthly income?

Answer 1

Let the income = x then

Expenditure = 44/3 ÷ 100 × x = 44/300x

The total income = expenditure + savings

x = 1200 + 44/300x

x - 44/300x = 1200

256/300x = 1200

256x = 1200 × 300

256x = 360000

x = 360000/256

x = 1406.25

The monthly income is :

1406.25