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Ajay spends 25 per cent of his salary on...

Ajay spends 25 per cent of his salary on house rent , 5 per cent on food , 15 per cent on travel , 10 per cent on clothes and the remaining amount of Rs. 27,000 is saved. What is Ajay's income ?

A

Rs. 60,000

B

Rs. 80,500

C

Rs. 60,700

D

Rs. 70,500

Text Solution

AI Generated Solution

The correct Answer is:
To find Ajay's income based on his expenditures and savings, we can follow these steps: ### Step 1: Understand the problem Ajay spends a certain percentage of his salary on various expenses and saves the remaining amount. We need to find out his total income. ### Step 2: Define Ajay's total income Let's denote Ajay's total income as \( I \). ### Step 3: Calculate the total percentage spent Ajay's expenditures are as follows: - House rent: 25% of \( I \) - Food: 5% of \( I \) - Travel: 15% of \( I \) - Clothes: 10% of \( I \) Now, we can add these percentages together: \[ 25\% + 5\% + 15\% + 10\% = 55\% \] ### Step 4: Calculate the percentage saved Since Ajay saves the remaining amount, we can find the percentage of his income that he saves: \[ 100\% - 55\% = 45\% \] ### Step 5: Set up the equation for savings According to the problem, the amount saved is Rs. 27,000. Therefore, we can set up the equation: \[ 45\% \text{ of } I = 27,000 \] ### Step 6: Convert percentage to decimal To solve for \( I \), we convert 45% to decimal: \[ 45\% = \frac{45}{100} = 0.45 \] So, the equation becomes: \[ 0.45I = 27,000 \] ### Step 7: Solve for \( I \) To find \( I \), we divide both sides of the equation by 0.45: \[ I = \frac{27,000}{0.45} \] ### Step 8: Calculate the value Now, we perform the division: \[ I = 60,000 \] ### Conclusion Ajay's total income is Rs. 60,000. ---

To find Ajay's income based on his expenditures and savings, we can follow these steps: ### Step 1: Understand the problem Ajay spends a certain percentage of his salary on various expenses and saves the remaining amount. We need to find out his total income. ### Step 2: Define Ajay's total income Let's denote Ajay's total income as \( I \). ...
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