Mr. Das is working in a construction company. He has a family, including his wife and a daughter. His total monthly income includes a salary of Rs. 9228/- and a 10rent allowance. Due to increasing inflation, he is keeping a home budget that accounts for the income and expenses of the household. Out of his total monthly income, he spends 25% on food expenses, 18% on paying the house-rent, 9% on entertainment, 23% on the education of his child, 13% on medical expenses, and he saves 12% of his total monthly income.

Which of the following is true regarding the home budget of Mr. Das?

The correct option is: The total amount spent on savings, medical expenses and education is less than the total amount spent on house-rent, food expenses and entertainment.

Let us break down the percentage of total monthly income spent or saved in each category based on the information provided in the question:

• Food expenses = 25%
• House-rent = 18%
• Entertainment = 9%
• Education = 23%
• Medical expenses = 13%
• Savings = 12%

To evaluate the options, we can compare the sum of percentages for the groups mentioned in each statement without needing to compute the actual monetary value in Rupees, since all percentages are based on the same total monthly income.

Step 1: Analyze Option 1
Group A: House-rent + Entertainment + Education
$18\%+9\%+23\%=50\%$

Group B: Food expenses + Medical expenses + Savings
$25\%+13\%+12\%=50\%$

Here, 50% is equal to 50%, not greater than. Therefore, Option 1 is incorrect.

Step 2: Analyze Option 2
Group A: Entertainment + Medical expenses + Education
$9\%+13\%+23\%=45\%$

Group B: House-rent + Food expenses + Savings
$18\%+25\%+12\%=55\%$

Here, 45% is not equal to 55%. Therefore, Option 2 is incorrect.

Step 3: Analyze Option 3
Group A: Savings + Medical expenses + Education
$12\%+13\%+23\%=48\%$

Group B: House-rent + Food expenses + Entertainment
$18\%+25\%+9\%=52\%$

Since 48% is less than 52%, the statement that the total amount spent on savings, medical expenses, and education is less than the total amount spent on house-rent, food expenses, and entertainment is true.

Hence, Option 3 is the correct statement regarding Mr. Das's home budget.