Question 180

Sohan spends 23% of an amount of money on an insurance policy, 33% on food, 19% on children’s education and 16% on recreation. He deposits the remaining amount of Rs.504 in bank. How much total amount did he spend on food and insurance policy together ?

Solution

Let the total amount be Rs. 'T'

Savings percent = [100 - (23 + 33 + 19 + 16 )]% = 9 %

Given , 9% of T = 504

=> T= 504 * (100/9) = 5600

Expenditure on food and insurance policy together = 56% of 5600

= Rs. $$\frac{56}{100}$$*5600

=Rs. 3136

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