Question

If a person's monthly income is Rs. 6500 and he spent 10% of his income on rent and 25% on food and other purposes, what amount of money did he save from his monthly income?

1. 4550
2. 4225
3. 4050
4. 4535

Answer 1

Correct Answer - Option 2 : 4225

Given:

Monthly income of the person = Rs. 6500

Spent on rent = 10%

Spent on Food and other purpose = 25%

Concept:

Saving = Income ─ Expenditure

Calculation:

Total expenditure = 10% + 25% = 35% = 6500 × (35/100) = Rs.2275

∴ Total savings = (6500 ─ 2275) = Rs. 4225