Question

Manish saves 3/11th of his salary and
spends 28% on food grains. He invests
the remaining amount in mutual funds
and stocks in the ratio 7:5 respectively.
What is his monthly salary, if he has
invested Rs.22176 in mutual funds?
(a) Rs.82995.11
(b) Rs.87995.13
(c) Rs.84995.12
(d) Rs.83995.13

Answer 1

Answer:

Step 1. 3/11th salary he Saves, it means 27.7% he saves. isn't it ?

and 28% he Spends in food grains so total % of salary is = 55.27%

* now remaining salary is = 100%- 55.27%= 44.72%

Step 2. If the Mutual Funds/stocks = 7:5, and mutual funds = Rs.22176/-

then the stocks= 15840/-

now we can say that the 44.72% salary = (mutual funds+ stocks)=38016/-

so 100% amount of salary is (total salary) = Rs.84995.12 (answer)

Step-by-step explanation: