Question

Amit spends 40% of his salary on food items, 20% of the remaining amount on entertainment and 20% of the remaining amount for paying various bills. If Amit saves Rs.24,000, what is his total salary?

• A. 60,500
• B. 72,000
• C. 65,500
• D. 62,500

Answer 1

Answer:

D. 62,500

Let the total salary of Amit be Rs. X Amit's saving = 60% of 80% of 80% of X 60% of 80% of 80% of x = 24,000 ⇒ (60/100)× (80/100)× (80/100)× X = 24,000 ⇒X= Rs. 62,500