Mr.Jones gave 30% of the money he had to his wife. he also gave 20% of the remaining amount to his 2 sons. half of the amount now left was spent on miscellaneous items and the remaining amount of Rs.2520 was deposited in the bank. how much money did Mr.jones have initially?
Answers
≡QUESTION≡
Mr.Jones gave 30% of the money he had to his wife. he also gave 20% of the remaining amount to his 2 sons. Half of the amount now left was spent on miscellaneous items and the remaining amount of Rs.2520 was deposited in the bank. How much money did Mr. Jones have initially?
║⊕ANSWER⊕║
Percentage of the money given to wife = 40%
The remaining amount left after giving to his wife in percentage:
100 - 40 = 60%
Percentage of money given to the 3 sons:
20% of 60%
= 0.2 x 60
= 12%
1 son = 12%
3 sons = 12 x 3
= 36%
The remaining amount left after giving to his 3 sons in percentage:
60 - 36 = 24%
The remaining percentage after spending on miscellaneous items:
1/2 x 24%
= 0.5 x 24
= 12%
The money he had originally:
Percentage of money left = 12%
Amount of money left = Rs 12000
12% = 12000
1%
= 12000 ÷ 12
= Rs 1000
100%
= 1000 x 100
= Rs 100,000