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A person who spends 66 2/3 % of his inco...

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

A

A) 1200

B

B) 2400

C

C) 3000

D

D) 3200

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the monthly expenses of a person who spends 66 2/3% of his income and saves Rs. 1200 per month. ### Step-by-Step Solution: 1. **Convert the percentage to a fraction:** - The percentage given is 66 2/3%. - To convert this to a fraction, we first convert the mixed number: \[ 66 \frac{2}{3} = \frac{66 \times 3 + 2}{3} = \frac{198 + 2}{3} = \frac{200}{3} \] - Thus, 66 2/3% can be written as: \[ \frac{200}{3} \% \] 2. **Understand the relationship between income, expenses, and savings:** - If the person spends 66 2/3% of his income, then he saves the remaining percentage: \[ 100\% - 66 \frac{2}{3}\% = 33 \frac{1}{3}\% \] - This can also be converted to a fraction: \[ 33 \frac{1}{3} = \frac{33 \times 3 + 1}{3} = \frac{100}{3} \% \] 3. **Set up the equation:** - Let the total income of the person be \( I \). - The savings can be expressed as: \[ \text{Savings} = \frac{100}{3} \% \text{ of } I = \frac{100}{3} \times \frac{I}{100} = \frac{I}{3} \] - According to the problem, the savings amount to Rs. 1200: \[ \frac{I}{3} = 1200 \] 4. **Calculate the income:** - To find the income \( I \), we can multiply both sides of the equation by 3: \[ I = 1200 \times 3 = 3600 \] 5. **Calculate the monthly expenses:** - The expenses are 66 2/3% of the income: \[ \text{Expenses} = \frac{200}{3} \% \text{ of } 3600 = \frac{200}{3} \times \frac{3600}{100} \] - Simplifying this: \[ \text{Expenses} = \frac{200 \times 3600}{3 \times 100} = \frac{720000}{300} = 2400 \] ### Final Answer: The monthly expenses of the person are Rs. 2400. ---
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Knowledge Check

  • 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
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    B
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    D
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    B
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    C
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