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Answers
Explanation:
Let the monthly income of Nikhil be Rs x. Nikhil invested 14% in shares and deposited 3% in a bank.
∴ Total investment = (14% + 3%) of x
= 17 % of x
= (17/100) × x
= 0.17x
Nikhil spent 5% on his children’s education and used 40% for his daily expenses.
∴ Total expenditure = (5% + 40%) of x
= 45% of x
= (45/100) × x
= 0.45x
Amount left with Nikhil = 19,000
Amount left with Nikhil = Income – (Total investment + Total expenditure)
∴ 19000 = x – (0.17x + 0.45x)
∴ 19000 = x – 0.62x,
∴ 19000 = 0.38x
= 50000
∴ The monthly income of Nikhil is Rs 50000.
Total Expenditure % = 5+14+3+40 = 62%
therefore total salary
= 38/100 × x = 19000
= 38x= 1900000
= x = 1900000/38
therefore x = 50,000
so the income of that man was ₹ 50,000 that month
I hope it will help you Ankit
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