Multiple choice

Mr. Z spends 80% of his monthly income. He donates 50% of the remaining amount to an orphanage. If he still has Rs. 8000 left, what is his annual income?

  1. Rs. 960000

  2. Rs. 80000

  3. Rs. 96000

  4. Rs. 120000

  5. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Money spent on donation = 50% of the remaining 20% = 10%

So, savings = 10%

Monthly income = 8000 * 100/10 = Rs. 80000

Annual income = 80000 * 12 = Rs. 960000

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