Multiple choice

A person's spending is increased by 60% and his salary is increased by 25%. Due to which, his saved amount drops by Rs. 3500. The ratio of person's spending to his savings is 5 : 3. Calculate the increased salary of the person.

  1. Rs. 35,000

  2. Rs. 32,000

  3. Rs. 30,000

  4. Rs. 88,500

  5. None of these
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A Correct answer
Explanation

Let spending = 5x, savings = 3x. Salary = 8x. New spending = 1.6 * 5x = 8x. New salary = 1.25 * 8x = 10x. New savings = 10x - 8x = 2x. Change in savings = 3x - 2x = x = 3500. Original salary = 8 * 3500 = 28000. Increased salary = 1.25 * 28000 = 35000.

AI explanation

Let the initial expenditure and savings be 5x and 3x, making the initial salary 8x. The new expenditure is 1.6 * 5x = 8x and the new salary is 1.25 * 8x = 10x. The new savings become 10x - 8x = 2x, which means the savings dropped by 3x - 2x = x. Since the drop is Rs. 3500, x = 3500. The increased salary is 10x, which equals 10 * 3500 = Rs. 35,000.

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