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A man spends Rs. 3500 per month and saves 12 1/ 2% of his income. His monthly income is?

Rs. 4400
Rs. 4270
Rs. 4000
Rs. 3937.50

Correct Answer: Rs. 4000

Explanation:

∵87¹/₂% of P = 3500
⇒ {(175/2) x P} / 100 = 3500
∵ P = (3500 x 2 x 100) / 175 = 4000

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