Question 177

Sophia invests 25% of her monthly salary in insurance policies. She spends 15% of her monthly salary in shopping and 35% of her salary on household expenses. She saves the remaining amount of Rs. 9,050.What is Sophia’s annual income ?

Solution

Let Sophia's monthly salary be Rs. $$100x$$

Sophia's % monthly expenditure = (25 + 15 + 35)% = 75%

=> Savings % = 100 - 75 = 25%

Acc to ques,

=> $$\frac{25}{100} * 100x = 9050$$

=> $$x = \frac{9050}{25} = 362$$

=> Sophia's annual income = $$12 * 100x$$ = Rs. $$1200x$$

= 1200 * 362 = Rs. 4,34,400

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