Multiple choice

A man deposits 10% of his salary in a Mutual fund. He saves 30% of the remaining. The ratio of his expense on medicine and groceries is 5:4 of the remaining salary after saving. If his expense on medicine was Rs 7000. Find the monthly salary?

  1. 28000 Rs.

  2. 40000 Rs.

  3. 20000 Rs.

  4. 32000 Rs.

  5. 60000 Rs.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let salary = x. Mutual fund = 0.1x, remaining = 0.9x. Savings = 30% of 0.9x = 0.27x. Amount after savings = 0.9x - 0.27x = 0.63x. Medicine : Groceries = 5:4, so medicine = (5/9) × 0.63x = 0.35x = Rs 7000. Therefore x = 7000/0.35 = Rs 20000.

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