If Ayush paid 20% monthly rent, 25% of the remaining as EMI and 20% o

1.	If Ayush paid 20% monthly rent, 25% of the remaining as EMI and 20% of the remaining in his children's education from remaining and left with certain amount in his savings. If his savings was of Rs. 24000 p.m then find the rent paid per month?1. Rs. 12,000 2. Rs. 8,0003. Rs. 10,0004. Rs. 15,0005. None of these
Answer» Correct Answer - Option 3 : Rs. 10,000 GIVEN: ⇒ Per month savings = Rs. 24,000 ASSUMPTION: ⇒ Let total income = 100% CALCULATION: ⇒ Rent paid = 20% of 100 = 20% ⇒ Remaining = 80% ⇒ EMI paid = 25% of Remaining = 20% ⇒ Remaining = 60% ⇒ Education = 20% of 60% = 12% ⇒ Remaining = 48% ⇒ 48% = Rs. 24,000 ⇒ 1% = Rs. 500 ⇒ Rent paid = 20% = Rs. 10,000

If Ayush paid 20% monthly rent, 25% of the remaining as EMI and 20% of the remaining in his children's education from remaining and left with certain amount in his savings. If his savings was of Rs. 24000 p.m then find the rent paid per month?1. Rs. 12,000 2. Rs. 8,0003. Rs. 10,0004. Rs. 15,0005. None of these

Answer» Correct Answer - Option 3 : Rs. 10,000

GIVEN:

⇒ Per month savings = Rs. 24,000

ASSUMPTION:

⇒ Let total income = 100%

CALCULATION:

⇒ Rent paid = 20% of 100 = 20%

⇒ Remaining = 80%

⇒ EMI paid = 25% of Remaining = 20%

⇒ Remaining = 60%

⇒ Education = 20% of 60% = 12%

⇒ Remaining = 48%

⇒ 48% = Rs. 24,000

⇒ 1% = Rs. 500

⇒ Rent paid = 20% = Rs. 10,000

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