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What is the monthly income of Mr.X? I....

What is the monthly income of Mr.X?
I. Mr.X spends `85%` of his income on various items and remaining amount is saved.
II. Monthly saving of Mr. X is Rs 4,500/.
III. Out of the total money spent by Mr. X in a month, one fifth is spent on food and remaining amount of Rs.20, 400 on other items. (a) Only ll (b) Only lll (c) only either l or ll (d) None of these

A

Only II

B

Only III

C

Onlt either II or III

D

None of these

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The correct Answer is:
To determine Mr. X's monthly income, we need to analyze the statements provided: ### Step-by-Step Solution: 1. **Understanding Statement I**: - Mr. X spends 85% of his income on various items, and the remaining amount is saved. - Let's denote Mr. X's monthly income as \( I \). - According to this statement, the amount saved is \( 15\% \) of \( I \) (since \( 100\% - 85\% = 15\% \)). - Therefore, the saving can be expressed as: \[ \text{Savings} = 0.15I \] 2. **Understanding Statement II**: - The monthly saving of Mr. X is Rs 4,500. - From Statement I, we have: \[ 0.15I = 4500 \] - To find \( I \), we can rearrange the equation: \[ I = \frac{4500}{0.15} = 30,000 \] - Thus, from Statement II alone, we can determine Mr. X's monthly income. 3. **Understanding Statement III**: - Out of the total money spent by Mr. X in a month, one-fifth is spent on food, and the remaining amount of Rs 20,400 is spent on other items. - Let’s denote the total expenditure as \( E \). - According to this statement: \[ \frac{1}{5}E + 20,400 = E \] - Rearranging gives: \[ 20,400 = E - \frac{1}{5}E = \frac{4}{5}E \] - Therefore, we can find \( E \): \[ E = \frac{20,400 \times 5}{4} = 25,500 \] - Now, since Mr. X spends 85% of his income on various items, we can set up the equation: \[ 0.85I = 25,500 \] - Rearranging gives: \[ I = \frac{25,500}{0.85} = 30,000 \] - Thus, from Statement III alone, we can also determine Mr. X's monthly income. ### Conclusion: - Both Statement II and Statement III provide sufficient information to determine Mr. X's monthly income, which is Rs 30,000. - Therefore, the correct answer is **(c) only either I or II**.

To determine Mr. X's monthly income, we need to analyze the statements provided: ### Step-by-Step Solution: 1. **Understanding Statement I**: - Mr. X spends 85% of his income on various items, and the remaining amount is saved. - Let's denote Mr. X's monthly income as \( I \). - According to this statement, the amount saved is \( 15\% \) of \( I \) (since \( 100\% - 85\% = 15\% \)). ...
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