The monthly salary of a person was Rs. 1,60,000. He used to spend on three heads Personal and family expenses (P), Taxes (T) and Education loan (E). The rest were his savings. P was 50% of the income, E was 20% of P and T was 15% of E. When his salary got raised by 30%, he maintained the percentage level of P, but E became 30% of P and T became 20% of E. The sum of the two savings (in Rs.) is:

A. 2,11,680

B. 1,28,160

C. 1,18,000

D. 1,62,810

Answer: Option B

Solution(By Examveda Team)

Salary = Rs. 160000
Personal and family expenses (P) = 50% of 160000 = 80000
Education loan (E) = 20% of 80000 = 16000
Taxes (T) = 15% of 16000 = 2400
Saving = 160000 - 80000 - 16000 - 2400 = 61600
New salary = 130% of 160000 = Rs. 208000
Personal and family expenses (P) = 50% of 208000 = 104000
Education loan (E) = 30% of 104000 = 31200
Taxes (T) = 20% of 31200 = 6240
Saving = 208000 - 104000 - 31200 - 6240 = 66560
Sum of the two saving = 61600 + 66560 = 128160