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A person who spends $$66\frac{2}{3}$$% of his income is able to save Rs. 1200 per month. His monthly expenses (in Rs.) is :
Answer & Solution
Correct Answer:
Option
B
$$66\frac{2}{3}$$% = $$\frac{2}{3}$$
Let the income of the person = 3 units
Expenditure = 2 units
Savings = (3 - 2) = 1 unit
According to the question,
1 unit = Rs. 1200
2 units = 2 × 1200 = Rs. 2400
Let the income of the person = 3 units
Expenditure = 2 units
Savings = (3 - 2) = 1 unit
According to the question,
1 unit = Rs. 1200
2 units = 2 × 1200 = Rs. 2400
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