Question

Ramesh spent 65% of his monthly income on household expenses and deposited the remaining Rs. 14000 in a fixed deposit. The monthly income of Ramesh is:

Answer 1

Concept

Percentage is a number or ratio in mathematics which can be expressed as a fraction of 100.

Given

1) Spent 65% of monthly income on household expenses

2) Deposited remaining 14000 in Fixed Deposit.

Find

Monthly income

Solution

Let the monthly income of Ramesh be Rs. x

We are given that

He spent 65% of his monthly income on expenses = 65/100 * x = 65x/100

Remaining Left / Money deposited as Fixed Deposited = 14000

So,

Expenses + Fixed Deposit = Total

65x/100 + 14000 = x

14000 = x - 65x/100

14000 = 35x/100

35x/100 = 14000

x = (14000 * 100)/35

x = 40000

Ramesh Monthly income is Rs. 40000.

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