Wordpandit Question of the day

Question: A person spends 40 % of his salary on his educational expenses. He spends 60 % of the money spent on educational expenses in purchasing books and one-half of the remaining in purchasing stationery items. If he saves Rs. 160 every month, which is one-fourth of the balance after spending over books and stationery items, what is his monthly salary?
1. Rs 8000
2. Rs 4800
3. Rs 9600
4. Data insufficient

 

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Answer and Explanation

Answer: Option 1   Let the monthly salary be Rs 100, The money spent on educational expenses = 40% of 100 = Rs. 40 So, the money spent on books = Rs. 60 % of 40 = Rs 24, Money remaining = Rs. 40 – Rs. 24 = Rs. 16 Hence, money spent on Stationery = ½ of Rs. 16 = Rs 8. So, the balance left with him = Rs 40 – Rs 32 = Rs. 8 and Savings = ¼ of Rs 8 = Rs 2. Now, if Rs 2 corresponds to Rs 160, then Rs 100 corresponds to Rs 160 x 100/2 = Rs. 8000.