Question

Mr Wagle earns Rs.40,000 per month. If he spends 30% on food, 25% on children's education and 15% on others. Then: i)Find the expenditure on each headings. ii)What amount of money does he save in a month?

Answer 1

Answer:

Step-by-step explanation:

Per month earning = Rs.40,000

3/8 of income is spent on food

So 3/8 x 40,000 = Rs 15,000 spent on food

Remaining = 40,000 - 15,000 = Rs 25,000

1/5 of remaining on LIC Premium

So 1/5 x 25,000 = Rs 5,000

Remaining = 25,000 - 5,000 = Rs 20,000

1/2 on remaining expenses

1/2 x 20,000 = Rs10,000

Total amount remaining with him is Rs 20,000 - 10,000 = Rs 10,000

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