Question
Download Solution PDFX has planned his expenditure as follows: 30% of salary for house rent; 25% for food; 15% for medical expenditure and 16% for others. If he can save ₹42,000 every month, then his monthly salary (in ₹) is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
House Rent = 30% of Salary
Food = 25% of Salary
Medical Expenditure = 15% of Salary
Others = 16% of Salary
Savings = ₹42,000
Formula used:
Total Salary = House Rent + Food + Medical Expenditure + Others + Savings
Calculation:
Let Monthly Salary = ₹S
Total Expenditure = 30% + 25% + 15% + 16% = 86% of Salary
Savings = 14% of Salary
⇒ 14% of S = ₹42,000
⇒ (14/100) × S = 42,000
⇒ S = (42,000 × 100) / 14
⇒ S = ₹3,00,000
∴ The correct answer is option (4).
Last updated on Jul 17, 2025
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