Shyam saves 30% of his salary. If his expense is 14,000, find his total income and savings.
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Given information
- ↠ Shyam saves 30% of his salary.
- ↠ Shyam expense is 14,000
What we need to calculate
- ↠ We have to find shyam total income and savings?
How we solve this question
- ↠Assume a variable (unknown) eg:- x or y
- ↠According to statement setup equation
- ↠After that Solve equation
Let's us assume
- ↠ Let Shyam total income be x
Finding out Shyam total income and savings
❏ Shyam saving is given 30%
- 30% of x
❏ Expense of Shyam
- 30 % - 100% = 70% of x
Forming an equation
❏ Expense % added to total income equal to Expense 14,000
Therefore
- ↠70% + x = 14,000
Solving equation
➺ 70 % + x = 14,000
- 70% is also written as 70/100
➺ 70/100 + x = 14,000
- Transferring sides
➺ 70 + x = 14,000 × 100
- multiplying
➺ 70 + x = 1,400,000
- Again transferring sides
➺ x = 1,400,000/70
- Dividing 1,400,000 by 70
➺ x = 20,000
Total income of Shyam is Rs.20,000
Now we find savings of Shyam
as we know
Saving of Shyam = Total income of Shyam - Expense of Shyam
- Submitting values
➺ Saving of Shyam = 20,000 - 14,000
- On subtracting
➺ Saving of Shyam = Rs.6000
Therefore the saving of Shyam is Rs.6000 and Total income is Rs.20,000
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