A man spends 12% of his monthly salary on education and 7% on rent. He invests Rs. 10250 of his salary in a SIP and saves 4x% of his salary. If his total monthly salary is Rs. 25000, then find the value of x?
Correct Answer :
10
Solution :
To find the value of , we need to account for all parts of the man's monthly salary.
Given data:
- Total monthly salary = Rs. 25000
- Spend on education = 12% of salary
- Spend on rent = 7% of salary
- Investment in SIP = Rs. 10250
- Savings = 4x% of salary
Let's first express the SIP investment as a percentage of the total monthly salary:
The sum of all allocations (education, rent, SIP investment, and savings) must equal 100% of the total monthly salary:
Combine the known percentages:
Subtract 60 from both sides:
Divide by 4:
Therefore, the value of is 10.
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