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 :
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The correct answer is 10000. Step-by-step explanation: Let the total monthly income of the man be Rs . Step 1: Calculate expenditure on shopping. Step 2: Find the remaining income after shopping. Step 3: Calculate expenditure on food. Step 4: Find the final savings fraction. Step 5: Equate savings to the given value and solve for . Thus, his total monthly income is Rs 10,000.
The man spends 10% of his monthly income on shopping.
He spends 20% of the remaining income on food.
The amount saved after spending on food is the remaining 80% of the leftover income, or total remaining income minus food expenditure.
According to the problem, the savings equal Rs 7200.
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