Mandeep spends 20% of his income on rent, 35% on food and travelling e

1.	Mandeep spends 20% of his income on rent, 35% on food and travelling expenses, 15% on the medical care of his grandmother, and the rest is his savings. If Mandeep saves Rs.6000 every month, find his monthly income (in Rs.).1. 100002. 250003. 120004. 150005. 20000
Answer» Correct Answer - Option 5 : 20000 Given: Percentage of total monthly income spent on rent = 20% Percentage of total monthly income spent on food and travelling = 35% Percentage of total monthly income spent on medical care = 15% Monthly savings = Rs. 6000 Formula Used: Total income spent = (Percentage of income spent/100) × total income Expenditure = Income – Savings Calculation: Assume the monthly income = Rs. x Hence, we obtain: Monthly expenditure on Rent = (20/100) × x = 0.2x Monthly expenditure on food and travelling = (35/100) × x = 0.35x Monthly expenditure on medical care = (15/100) × x = 0.15x Remaining amount, i.e. savings = x – (0.2x + 0.35x + 0.15x) = 0.3x 6000 = 0.3x ⇒ x = 6000/0.3 ⇒ x = 20000 ∴ Mandeep’s monthly income is Rs. 20000

Mandeep spends 20% of his income on rent, 35% on food and travelling expenses, 15% on the medical care of his grandmother, and the rest is his savings. If Mandeep saves Rs.6000 every month, find his monthly income (in Rs.).1. 100002. 250003. 120004. 150005. 20000

Answer» Correct Answer - Option 5 : 20000

Given:

Percentage of total monthly income spent on rent = 20%

Percentage of total monthly income spent on food and travelling = 35%

Percentage of total monthly income spent on medical care = 15%

Monthly savings = Rs. 6000

Formula Used:

Total income spent = (Percentage of income spent/100) × total income

Expenditure = Income – Savings

Calculation:

Assume the monthly income = Rs. x

Hence, we obtain:

Monthly expenditure on Rent = (20/100) × x = 0.2x

Monthly expenditure on food and travelling = (35/100) × x = 0.35x

Monthly expenditure on medical care = (15/100) × x = 0.15x

Remaining amount, i.e. savings = x – (0.2x + 0.35x + 0.15x) = 0.3x

6000 = 0.3x

⇒ x = 6000/0.3

⇒ x = 20000

∴ Mandeep’s monthly income is Rs. 20000