The monthly income of Mr. Amit Goel is Rs 30400. He saves `12.5%` of his income and the rest he spends. How much does he spend each month ?

Answer

To solve the problem step by step, we need to find out how much Mr. Amit Goel spends each month after saving a portion of his income.

**Step 1: Identify the monthly income.**
- Mr. Amit Goel's monthly income is Rs 30,400.

**Step 2: Calculate the savings.**
- He saves 12.5% of his income.
- To find 12.5% of Rs 30,400, we can convert 12.5% into a fraction or decimal.
- 12.5% = 12.5/100 = 0.125
- Now, calculate the savings:
\[ \text{Savings} = 0.125 \times 30,400 \]
\[ \text{Savings} = 3,800 \]

**Step 3: Calculate the spending.**
- The amount he spends is the remaining part of his income after savings.
- To find the spending, subtract the savings from the total income:
\[ \text{Spending} = \text{Income} - \text{Savings} \]
\[ \text{Spending} = 30,400 - 3,800 \]
\[ \text{Spending} = 26,600 \]

**Final Answer:**
- Mr. Amit Goel spends Rs 26,600 each month.

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