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Question 20
Sonali invests 15% of her monthly salary in insurance policies. She spends 55% of her monthly salary in shopping and on household expenses. She saves the remaining amount of Rs. 12,750. What is Sonali’s monthly income?
Solution
Let Sonali's monthly income be 100x
Now Expenditure on insurance policies = 15x
Expenditure on shopping and household expenses = 55x
Therefore remaining amount = 100x-55x-15x = 30x
Which is equal to 12,750
Now therefore 30x=12,750
x = 425
Therefore total income = 100x = 42,500
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