Question

In the month of March, Hiten spent 45% of his monthly salary on paying bill and rent. Out of the remaining salary, he invested 60% in PPF and the remaining he deposited in bank. He deposited Rs. 15,400 in bank. If in April, he got an increment of 10%, what was his salary in April?

Answer 1

Hiten s salary in April is Rs.77000.

Answer 2

GIVEN: percentage of salary spent on bills and rent = 45%

            remaining salary = 55%

            money deposited in bank account = 15,400

            hike in salary in April = 10%

TO FIND: salary for April

SOLUTION: let the salary in the month of march be x

       then salary spent on bill = 45%

And remaining part left is 55%

Then out of this percentage he spent 60% on PPF and 40% on Bank.

Investment done in the bank is 15,400.

0.55x × $\frac{40}{100}$ = 15,400

x = $\frac{15400 * 100*100}{55 * 40 }$

    = 70,000

70,000 is the income of the last month and in the month of April increment is there.

10% of 70,000 = 7000

So, salary o April = 70,000 + 7000

                             = 77,000

Salary of April is 77,000.