A spends 30% of his monthly income on rent, 25% of the remaining on groceries, and the remaining amount on entertainment and savings in the ratio 2:3, respectively. What percentage of his income is spent on entertainment?
Correct Answer :
21%
Solution :
The correct option is 21%.
Let's break down the solution step-by-step to find the percentage of A's monthly income spent on entertainment:
Step 1: Assume a total monthly income.
To make calculations straightforward, let A's total monthly income be units.
Step 2: Calculate the expenditure on rent and find the remaining amount.
A spends 30% of his monthly income on rent.
Rent expenditure = units.
Remaining income after rent = units.
Step 3: Calculate the expenditure on groceries.
A spends 25% of the remaining income on groceries.
Groceries expenditure = units.
Remaining income after groceries = units.
Step 4: Divide the remaining amount between entertainment and savings.
The remaining amount (52.5 units) is divided between entertainment and savings in the ratio .
Total parts in the ratio = parts.
The fraction of the remaining amount spent on entertainment is .
Step 5: Calculate the amount spent on entertainment.
Entertainment expenditure = units.
Entertainment expenditure = units.
Step 6: Express the entertainment expenditure as a percentage of the total income.
Since the total monthly income was assumed to be 100 units, the 21 units spent on entertainment represents:
Percentage of income spent on entertainment = .
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