In a month, a man spent 40% of his income on food, 15% on education, 10% on
transportation, 15% on entertainment and 5% on miscellaneous expenditure. He saved the rest
Ir his savings is 5000, find the following:
a. his monthly salary
b. amount spent on food
c. amount spent on transport
d. amount spent on education
Answers
Answer:
a. his monthly salary = Rs. 33,333.33
b. amount spent on food = Rs. 13,333.33
c. amount spent on transport = Rs. 3,333.33
d. amount spent on education = Rs. 5000
Step-by-step explanation:
A man spent 40% of his Income on food
He spent 15% of his Income on education
He spent 10% of his Income on transportation
He spent 15% of his Income on entertainment
And he spent 5% of his Income on miscellaneous expenditure.
Therefore, he spent (40% + 15% + 10% + 15% + 5%) of his Income
= 85% of his Income.
Therefore, he could save (100 - 85)% = 15% of his Income.
According to the problem:
15% of his Income is Rs. 5000
a. his monthly salary = Rs. x 5000 = Rs. 33,333.33
b. amount spent on food = 40% of his Income = Rs. x 5000 = Rs. 13,333.33
c. amount spent on transport = 10% of his Income = Rs. x 5000 = Rs. 3,333.33
d. amount spent on education = 15% of his Income = Rs. 5000