Question : A man spends 72% of his salary and saves Rs. 5,740 per month. What is 10% of his annual salary (in Rs.)?
Option 1: Rs. 21600
Option 2: Rs. 24600
Option 3: Rs. 20500
Option 4: Rs. 28400
Correct Answer: Rs. 24600
Solution : Let the man's monthly salary as S. According to the problem, he spends 72% of his salary and saves the rest. ⇒ S – 0.72S = 5740 ⇒ 0.28S = 5740 ⇒ S = $\frac{5740}{0.28}$ = Rs. 20500 Then, 10% of his annual salary = 0.10 × 12 × S = 0.10 × 12 × 20500 = Rs. 24600 Hence, the correct answer is Rs. 24600.
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Question : Tulsiram's salary is 20% more than that of Kashyap. If Tulsiram saves Rs. 720 which is 4% of his salary, then Kashyap's salary is:
Option 1: Rs. 15000
Option 2: Rs. 12000
Option 3: Rs. 10000
Option 4: Rs. 22000
Question : A man spends 65% of his income. His income increases by 20% and his expenditure also increases by 10%. The percentage of increase in his savings is ________.
Option 1: 38.5%
Option 2: 35.8%
Option 3: 10%
Option 4: 20%
Question : What will be the amount of Rs. 12500 at the rate of 20% per annum compounded yearly for 3 years?
Option 1: Rs. 21080
Option 2: Rs. 21560
Option 3: Rs. 20600
Option 4: Rs. 21600
Question : A man spends $\frac{2}{3} $rd of his income. If his income increases by 14% and the expenditure increases by 20%, then the percentage increase in his savings will be?
Option 1: 6%
Option 2: 2%
Option 3: 4%
Option 4: 1%
Question : The monthly income of two persons is in the ratio 4 : 5 and their expenditures are in the ratio 7 : 9. If each saves Rs. 50 per month, then their monthly incomes are:
Option 1: Rs. 900; Rs. 500
Option 2: Rs. 400; Rs. 500
Option 3: Rs. 700; Rs. 900
Option 4: Rs. 400; Rs. 700
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