Correct Answer - Option 3 : 8.33
Given:
Total monthly income of Virat = Rs. 24000
Total amount spent on rent every month = Rs. 5000
Total amount spent on food every month = Rs. 4000
Total amount spent on household items every month = Rs. 3000
The ratio of remaining amount divided between his savings and charity = 5 ∶ 1
Formula Used:
Savings = Income – Expenditure
The ratio of two numbers
Percentage of total amount spent on charity = (Amount spent on charity / Total amount spent)
× 100
Calculation:
The remaining amount after spending on rent, food, and household items is obtained as:
24000 – (5000 + 4000 + 3000) = 12000
Hence, we can obtain the amount spent for charity every month as:
(1/6) × 12000 = 2000
We can obtain the percentage of the total amount he spends on charity as:
(2000/24000) × 100 = 8.33
∴ The percentage of the total amount he spends for charity every month is 8.33%
