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A person who spends 66(2)/(3)% of his i...

A person who spends `66(2)/(3)%` of his income is able to save Rs. 1,200 per month .His monthly expenses (in Rs) is :

A

1200

B

2400

C

3000

D

3200

Text Solution

AI Generated Solution

The correct Answer is:
To find the monthly expenses of the person, we can follow these steps: ### Step 1: Understand the given percentage of income spent The person spends \(66 \frac{2}{3}\%\) of his income. This can be converted into a fraction: \[ 66 \frac{2}{3}\% = \frac{200}{3}\% \] To convert this percentage into a decimal, we divide by 100: \[ \frac{200}{3} \div 100 = \frac{200}{300} = \frac{2}{3} \] ### Step 2: Determine the fraction of income saved If the person spends \(\frac{2}{3}\) of his income, then the fraction of income saved is: \[ 1 - \frac{2}{3} = \frac{1}{3} \] ### Step 3: Relate savings to income We know that the savings per month is Rs. 1200. Since the savings represent \(\frac{1}{3}\) of his income, we can set up the equation: \[ \frac{1}{3} \text{ (Income)} = 1200 \] ### Step 4: Calculate the total income To find the total income, we multiply both sides of the equation by 3: \[ \text{Income} = 1200 \times 3 = 3600 \] ### Step 5: Calculate monthly expenses Now that we have the income, we can calculate the monthly expenses. Since the person spends \(\frac{2}{3}\) of his income, we calculate: \[ \text{Expenses} = \frac{2}{3} \times 3600 \] Calculating this gives: \[ \text{Expenses} = \frac{2 \times 3600}{3} = \frac{7200}{3} = 2400 \] ### Conclusion The monthly expenses of the person are Rs. 2400. ---
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