Mohit invested 28% of his monthly of Rs 25000 in share markets. He spends the remaining salary in the ratio 2 : 4 : 3 in house rent, grocery and entertainment expenses respectively. What was the difference between amount invested in share markets and that spent on entertainment?

Options

A. 1500
B. 2000
C. 2500
D. 1000

Answer

To solve the problem step by step, we will follow these instructions:

**Step 1: Calculate the amount invested in share markets.**
- Mohit’s monthly salary = Rs 25,000
- Percentage invested in share markets = 28%
- Amount invested = (28/100) * 25000

**Calculation:**
Amount invested = (28/100) * 25000 = 7000

**Step 2: Calculate the remaining amount after investment.**
- Remaining amount = Total salary - Amount invested in share markets

**Calculation:**
Remaining amount = 25000 - 7000 = 18000

**Step 3: Determine the ratio of expenses.**
- The ratio of expenses is given as 2:4:3 for house rent, grocery, and entertainment respectively.
- Total parts in the ratio = 2 + 4 + 3 = 9 parts

**Step 4: Calculate the amount spent on entertainment.**
- The part of entertainment expenses = 3 parts
- Amount spent on entertainment = (3/9) * Remaining amount

**Calculation:**
Amount spent on entertainment = (3/9) * 18000 = 6000

**Step 5: Calculate the difference between the amount invested in share markets and the amount spent on entertainment.**
- Difference = Amount invested in share markets - Amount spent on entertainment

**Calculation:**
Difference = 7000 - 6000 = 1000

**Final Answer:**
The difference between the amount invested in share markets and that spent on entertainment is Rs 1000.

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