Pradeep spends 40 percent of his monthly income on food items and 50 percent of the remaining, on cloths and conveyance. He saves one-third of the remaining amount after spending on food, clothes and conveyance. If he saves Rs.19,200 every year, what is his monthly income?
Correct Answer: Rs. 16000
Explanation:
From question,
Food items = 40%
Clothes + conveyance = 50% of 60% = 30%
⇒ Remaining amount = (100 - 40 - 30)% = 30%
∴ 1/3 of 30% = 19200
⇒ 10% = 19200
∴ 100% = Rs. 192000 So his monthly income = 192000 / 12 = 16000
