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  • Question
  • Mohan spends 23% of an amount of money on an insurance policy, 33% on food, 19% on children?s education and 16% on recreation. He deposits the remaining amount of Rs. 504 in bank. How much amount does he spend on food and insurance policy together?


  • Options
  • A. Rs. 2326
  • B. Rs. 5876
  • C. Rs. 1741
  • D. Rs. 3136

  • Correct Answer
  • Rs. 3136 

    Explanation

    Let total amount = Rs. P

    Total expenditure = (23 + 33 + 19 + 16)% of P = 91%ofP

    Remaining money = (100 - 91)% of P = 9% of P

    But given in the question that,

    9% of P = 504

    9p/100 = 504

    => P = 50400/9

    => P = Rs. 5600

     

    Required money spent on Food & Insurance = 23 + 33 %

    = 56% of 5600

    = 56 x 5600/100 = 56 x 56 = Rs. 3136

  • Tags: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO

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