A man spends 10% of his monthly income on shopping. From the remaining income, he spends 20% on food. After making these expenditures, he saves Rs 7200. Find his total monthly income (in Rs).
Correct Answer :
10000
Solution :
The correct answer is 10000.
Step-by-Step Explanation:
Step 1: Define the total monthly income
Let the total monthly income of the man be Rs.
Step 2: Calculate the remaining income after shopping
The man spends 10% of his monthly income on shopping.
Remaining income after shopping = 100% - 10% = 90% of total income.
Step 3: Calculate the remaining income (savings) after spending on food
From the remaining income, he spends 20% on food.
Therefore, the remaining percentage of income saved is 100% - 20% = 80% of the income remaining after shopping.
Step 4: Find the total monthly income
We are given that his total savings after these expenditures is Rs 7200.
Thus, the total monthly income of the man is Rs 10000.
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