Question : Shiva’s monthly salary is Rs.75,000. He spends Rs.12,000 on household items, Rs.14,000 on LIC and mutual funds, Rs.15,000 on his children’s education, and keeps Rs.10,000 for miscellaneous expenses. His savings are Rs.21,000 per month and he donates the rest of the amount to an orphanage. The percentage of his income that he donates is:
Option 1: 3%
Option 2: 6%
Option 3: 8%
Option 4: 4%
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Correct Answer: 4%
Solution : Percentage Donated = $\frac{\text{Amount Donated}}{\text{Total Income}}\times 100$ First, let's calculate the total expenses: Total Expenses = Household items + LIC and mutual funds + Children's education + Miscellaneous expenses Total Expenses = Rs. 12,000 + Rs. 14,000 + Rs. 15,000 + Rs. 10,000 = Rs. 51,000 Amount Donated = Total Income – Total Expenses – Savings Amount Donated = Rs. 75,000 – Rs. 51,000 – Rs. 21,000 = Rs. 3,000 Now, you can calculate the percentage donated: Percentage Donated = $(\frac{3,000}{75,000}) × 100$ = $(\frac{1}{25}) × 100$ = 4% Hence, the correct answer is 4%.
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Question : Soham’s initial expenditure and savings were in the ratio of 5 : 3. His income increased by 25%. If his initial savings were Rs. 4,500, find his income (in Rs.) after the increment.
Option 1: 16,000
Option 2: 15,000
Option 3: 9,375
Option 4: 12,000
Question : A man spends $7\frac{1}{2}$% of his money, and after spending 75% of the remaining, he has Rs. 370 left. How much money did he initially have?
Option 1: Rs. 1200
Option 2: Rs. 1600
Option 3: Rs. 1500
Option 4: Rs. 1400
Question : A man donates 30% of his wealth to charity, 30% and 25% of the remaining wealth to his wife and son, respectively. The rest he divides equally between his three daughters. One of his daughters gets Rs. 42 lakh as her share. What was the man's wealth (in Rs. Lakhs)?
Option 1: 280
Option 2: 400
Option 3: 500
Option 4: 350
Question : Rahim bought a TV at 20% discount on the list price. Had he bought it on a 25% discount, he would have saved Rs. 500. At what price did he buy the TV?
Option 1: Rs. 16,000
Option 2: Rs. 12,000
Option 3: Rs. 10,000
Option 4: Rs. 8,000
Question : Raju spends 10% and 20% of his income on transport and food respectively. He spends 30% of the remaining income on clothing. He saves the rest of his income. If his saving is INR 26,460, then what will be the total expenditure on food and clothing together?
Option 1: INR 26,420
Option 2: INR 24,480
Option 3: INR 22,140
Option 4: INR 23,440
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