Question

Sumit earned ? 25600.60 in a month and his brother earned 22125.75 in a
month. Who earned more and by how much ?


Please explain step by step​

Answer 1

Answer:

The salary of Sumit is Rs. 50000 per month from which he spends 20% on rent, 10% of remaining on bills, 20% of further remaining on miscellaneous expenses. From the remaining amount, he gives some money to his wife and rest he invests in mutual funds in the ratio of 5 : 4. Amount spent on rent is how much less/more than amount invested in mutual funds.

(a) 2800 Rs.

(b) 2400 Rs.

(c) 2600 Rs.

(d) 3200 Rs.

(e) 3000 Rs.