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A saves 20% of his monthly salary. If his monthly expenditure is Rs. 6000, then his monthly savings is :
Answer & Solution
Correct Answer:
Option
A
Let the salary = 100 units
Savings = 20%
Savings = 100 × $$\frac{20}{100}$$ = 20 units
Expenditure = (100 - 20) = 80 units
According to the question,
80 units = Rs. 6000
1 unit = Rs. 75
Savings = 75 × 20 = Rs. 1500
Savings = 20%
Savings = 100 × $$\frac{20}{100}$$ = 20 units
Expenditure = (100 - 20) = 80 units
According to the question,
80 units = Rs. 6000
1 unit = Rs. 75
Savings = 75 × 20 = Rs. 1500
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