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Out of her monthly salary nupur spends 2...

Out of her monthly salary nupur spends `25%`on house rent and puts 1/3rd in her saving account. Out of the remaining salary , respective ratio between the amount she invest in mutual funds and the amount spent for groceries is 2:3 if amount spent for groceries is 11990 rs, what is nupur 's approximate monthly salary in rs?

A

36000

B

56000

C

52000

D

48000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will break down Nupur's expenditures and savings based on her monthly salary. ### Step 1: Define the Monthly Salary Let Nupur's monthly salary be \( S \). For easier calculations, we can express her salary as \( S = 300x \), where \( x \) is a variable we will determine later. ### Step 2: Calculate House Rent Nupur spends 25% of her salary on house rent. Therefore, the amount spent on house rent is: \[ \text{House Rent} = 25\% \text{ of } S = \frac{25}{100} \times S = \frac{25}{100} \times 300x = 75x \] ### Step 3: Calculate Savings Nupur puts 1/3 of her salary into her savings account. Thus, the amount saved is: \[ \text{Savings} = \frac{1}{3} \text{ of } S = \frac{1}{3} \times 300x = 100x \] ### Step 4: Calculate Remaining Salary Now, we need to find out how much salary remains after paying for house rent and savings: \[ \text{Remaining Salary} = S - \text{House Rent} - \text{Savings} = 300x - 75x - 100x = 125x \] ### Step 5: Define the Ratio of Investments According to the problem, the ratio of the amount invested in mutual funds to the amount spent on groceries is 2:3. Let the amount invested in mutual funds be \( 2y \) and the amount spent on groceries be \( 3y \). ### Step 6: Relate Groceries to Remaining Salary From the problem, we know that the amount spent on groceries is \( 11990 \) Rs. Therefore: \[ 3y = 11990 \] To find \( y \): \[ y = \frac{11990}{3} \approx 3996.67 \] ### Step 7: Calculate the Total Investment Now, we can find the total amount represented by \( 5y \) (which is the sum of mutual fund investment and groceries): \[ 5y = 5 \times 3996.67 \approx 19983.33 \] ### Step 8: Set Up the Equation Since the remaining salary is \( 125x \) and it equals \( 5y \): \[ 125x = 19983.33 \] ### Step 9: Solve for \( x \) To find \( x \): \[ x = \frac{19983.33}{125} \approx 159.86664 \] ### Step 10: Calculate Nupur's Monthly Salary Now, substitute \( x \) back into the equation for salary: \[ S = 300x \approx 300 \times 159.86664 \approx 47960 \] ### Conclusion Thus, Nupur's approximate monthly salary is: \[ \text{Monthly Salary} \approx 48000 \text{ Rs} \]
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