NIFT PG 2008 Question Paper with solutions

Question : 16 of 100

Marks: +1, -0

Pradip spends 40 per cent of monthly income on food intems, and 50 per cent of remaining on clothes and conveyance. He saves one third of remaining amount after spending on food, colthes and conveyances. If he saves Rs. 19,200 every year, what is his monthly income?

Rs. 24,000
Rs. 16,000
Rs. 12,000
None of these

Validate

Solution:

Let monthly salary of Pradip = Rs. x ; then
Food expanses

=40/100×x=Rs.{2x}/5

Clothes and Conveyance expanses

=50/100(x-{2x}/5)

=1/2×{3x}/5=\Rs.{3x}/10

Since, monthly saving

=1/3({3x}/5-{3x}/10)

=1/3×{3x}/10=Rs.x/10

Now,

x/10=19200/12

∴x=1600×10=Rs.16000

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