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  • Question
  • Mr. Shankar spends 25% of his monthly salary on household expenditure, 20% of the remaining on children?s education, and the remaining is equally invested in three different schemes. If the amount invested in each scheme is Rs.5600, what is the monthly salary of Shankar ?


  • Options
  • A. Rs. 34000
  • B. Rs. 31245
  • C. Rs. 24315
  • D. Rs. 28000

  • Correct Answer
  • Rs. 28000 

    Explanation

    Let the monthly salary of Shankar be = Rs.x
    Amount invested on expenditure = 25% = x/4;
    Remaning amount = 3x/4;
    Amount invested on children education = 20% i.e = 3x/20;
    Remaining amount = 3x/4 - 3x/20 = 3x/5;
    Remaining amount invested in three different schemes i.e is 1/3(3x/5)
    => x/5 = 5600
    Therefore x = 28000
    Hence, Monthly salary of Shankar is Rs. 28,000.

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

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