Question

Ram invests 50% of his income on household purposes and out of the remaining he spends 20% on Education which is Rs. 5000 and the remaining he saves and he plans a trip from saving and trip cost is Rs. 60000. After how many months he can go on a trip?

• A. 2
• B. 3
• C. 4
• D. 5

Answer 1

Answer:

B. 3

Let the income of Ram be X 20% of (X - 50% of X) = 5000 ⇒ (1/5) × (X/2) = 5000 ⇒ X = 50,000 Expenditure on House hold = 50%=25000 Expenditure on Education=5000 Savings =50000-30000=20000 Trip cost is 60,000 Number of Months = 60,000/20,000=3