Vishal invested 2/11 th part of his monthly income in stocks share and that of 1/4th part in mutual fund. He spent the remaining amount on domestic needs and apparel in the ratio 5 : 3 respectively. The expenditure on domestic needs was Rs.2100. What is his annual income?
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Let Vishal's monthly salary x;
Calculate spendings:
1) investment = 2/11x
2)mutual fund= 1/4x
remaining amount is 1 -(2/11x-1/4x) =1-19/44x =25/44x
domestic and apparel in ratio 5:3 of remaining amount (total ratio is 8, there fraction of the two will be)
domestic-5/8 and apparel -3/8
3)domestic= 5/8(25/44x)= 125/352x
4)apparel = 3/8(25/44x) =75/352x
if amount spent on domestic= Rs.2100 .then 125/352x=2100
x=2100(352/125)
= Rs. 5913.60
If his monthly salary = 5913.60,
Therefore his annual salary = 5913.60 x12 = 70963.20
= Rs. 70963.20
Calculate spendings:
1) investment = 2/11x
2)mutual fund= 1/4x
remaining amount is 1 -(2/11x-1/4x) =1-19/44x =25/44x
domestic and apparel in ratio 5:3 of remaining amount (total ratio is 8, there fraction of the two will be)
domestic-5/8 and apparel -3/8
3)domestic= 5/8(25/44x)= 125/352x
4)apparel = 3/8(25/44x) =75/352x
if amount spent on domestic= Rs.2100 .then 125/352x=2100
x=2100(352/125)
= Rs. 5913.60
If his monthly salary = 5913.60,
Therefore his annual salary = 5913.60 x12 = 70963.20
= Rs. 70963.20
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