Peter spends 20% of income on rent, 15% of the income on food and 25% of the income on travel. He saves the remaining amount. If his income is 12,000, find the amount: (a) spent on rent. (b) spent on food. (c) spent on travel. (d) saved
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Answer:
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Answer:
Let’s say his monthly income is x.
His expenses are:
Rent= 25% of x = .25x
Food= 30% of x = .30x
Other= 20% of x = .20x
Hence his total expense = .25x + .30x. + .20x = .75x.
His saving = Income - expense = x - .75x = .25x
So, .25x =15000
x = 15000 /.25 = 15000×100 / 25 = 60000
Hence Bobby,s monthly income is Rs 60000.
Step-by-step explanation:
spent on rent.
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