Question Details

COVID-19 pandemic turned life upside-down for many families across the world. Mr. Abhishek was working as a sale executive in a famous Marketing Company. Due to COVID 19 pandemic lockdown and restrictions, Mr. Abhishek was not able to achieve his monthly targets which resulted in the reduction of his salary. So far, he spent his income lavishly without any planning and prior calculations. However, the prevailing situation compelled him to plan his expenditure to adjust his life to the present income. Therefore, he analysed his spendings of last year i.e., 2019, so that he can plan his present year 2020 spendings. Through his brief analysis, he found that in the year 2019, he spent 23 per cent of his income on food, 15 per cent on Housing, and 12 per cent on his child’s education. For his transport, he spent 10 per cent, and for clothing of his family he spent 10 per cent. In the meanwhile, Mr. Abishek also saved 15 per cent of his income in the year 2019, and the remaining 20 per cent of expenditure he kept as other spendings. Answer the following questions to provide deeper insight to Mr. Abhishek


If the total amount spent during the year 2019 was ₹ 56,000, what was the amount spent on food?

Options

A

₹ 12,000

B

₹ 12,880

C

₹ 23,880

D

₹ 23,000

Show Answer

Correct Answer :

Option B

₹ 12,880

Solution :

The correct option is ₹ 12,880.


Step-by-step Explanation:

From the given problem, we can extract the following information about Mr. Abhishek's income breakdown and expenditure in the year 2019:

Percentage of income spent on food = 23%

Total amount spent during the year 2019 = ₹ 56,000


To find the exact amount spent on food, we need to calculate 23% of the total amount spent (₹ 56,000).


Amount spent on food = 23 % × ₹ 56,000


Converting the percentage to a fraction:

Amount spent on food = 23 100 × 56,000


Now, simplifying the calculation:

Amount spent on food = 23 × 560


Amount spent on food = 12,880


Thus, the total amount spent on food by Mr. Abhishek during the year 2019 was ₹ 12,880.

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