Himani average expenditure for the first 4 months of the year was
Rs 251.25. For the next 5 months the average monthly expenditure was
26.27 more than what it was during the first 4 months. If the person spent
Rs 760 in all during the remaining 3 months of the year, find what
percentage of his annual income of Rs 3000 he saved in the year.
Answers
Answer:
1Q:
A man’s average monthly expenditure for the first four months of the year was Rs. 231.25. For the next five months, the average monthly expenditure was Rs. 22.75 more than what it was during the first four months. If the person spent Rs. 605 in all during the remaining three months of the year, find what percentage of his annual income of Rs. 3500 did he save in the year?
A) 10%
B) 15%
C) 20%
D) 25%
Answer: C) 20%
Explanation:
A man's average monthly expenditure for the first four months of the year = Rs.231.25.
For four month = 231.25 * 4 = Rs. 925
For next five month he spend = 231.25 + 22.75 for one month.
In five month he spend = (231.25 + 22.75) X 5 = 1270
If the person spent Rs. 605 in all during the remaining three months of the year,
Total expense = 925+1270+605= 2800
Saving = 3500-2800 = 700
% saving = 700/3500 * 100 = 20%