Question

The following pie-chart shows the expenditure of a family on different things and its savings . Interpret the data in about 100 -120 words . The income of the family is Rs/- 30,000 per month. Also comment on the impact of the increasing prices of essential commodities on the savings of a middle class family.

room rent 15%
food 25%
clothing 10%
Transport 15%
Education of children 20%
Others 10%
savings 5%

Answer 1

Answer:

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Answer 2

Answer:

The rise in price of commodities affects every households, but the low income families are the worst affected. It leads to an increase in monthly living expenditure and households are forced to adopt coping strategies to meet their living expenses

Explanation:

Given, the income of a middle class family is Rs/- 30,000 per month.

and their monthly expenses are as follows:

room rent 15%

food 25%

clothing 10%

Transport 15%

Education of children 20%

Others 10%

savings 5%

Money spend on room rent = $\frac{15(30000)}{100}$ = Rs 4500

Money spend for food =  $\frac{25(30000)}{100}$ = Rs 7500

Money spend for clothing = $\frac{10(30000)}{100}$ = Rs 3000

Money spend for transport = $\frac{15(30000)}{100}$ = Rs 4500

Amount of money spend for education of children =  $\frac{20(30000)}{100}$ = Rs 6000

Other living expenses of the family =  $\frac{10(30000)}{100}$ = Rs 3000

savings amount = \frac{5(30000)}{100} = Rs 1500

Total monthly living expense of the family = $4500+7500+3000+4500+6000+3000 \ = \ Rs \ 28500$

• The rise in price of commodities affects every households, but the low income families are the worst affected.
• It leads to an increase in monthly living expenditure of every households.
• Households are forced to adopt coping strategies like selling of valuables such as land and other savings or taking a loan to meet their living expenses.