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Ketan deposits 10% of his salary in PF. ...

Ketan deposits `10%` of his salary in PF. He saves `40%` of the remaining. The ratio of his expense on entertainment and groceries is 4:5 of the remaining salary after saving. If his expense on the entertainment was ₹2400. Find the monthly salary.

A

₹10000

B

₹15000

C

₹30,000

D

₹20000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step-by-step, we will break down Ketan's salary and expenses systematically. ### Step 1: Define Ketan's Monthly Salary Let Ketan's monthly salary be represented as \( S \). ### Step 2: Calculate the Amount Deposited in PF Ketan deposits \( 10\% \) of his salary in PF: \[ \text{Amount deposited in PF} = 0.10S \] ### Step 3: Calculate the Remaining Salary After PF The remaining salary after the PF deposit is: \[ \text{Remaining Salary} = S - 0.10S = 0.90S \] ### Step 4: Calculate the Amount Saved Ketan saves \( 40\% \) of the remaining salary: \[ \text{Amount saved} = 0.40 \times 0.90S = 0.36S \] ### Step 5: Calculate the Remaining Salary After Saving The remaining salary after saving is: \[ \text{Remaining Salary after Saving} = 0.90S - 0.36S = 0.54S \] ### Step 6: Set Up the Ratio of Expenses The ratio of Ketan's expenses on entertainment and groceries is \( 4:5 \). Let the expenses on entertainment be \( 4x \) and on groceries be \( 5x \). ### Step 7: Calculate Total Expenses The total expenses on entertainment and groceries can be expressed as: \[ \text{Total Expenses} = 4x + 5x = 9x \] ### Step 8: Relate Entertainment Expense to Given Value We know Ketan's expense on entertainment is ₹2400: \[ 4x = 2400 \] ### Step 9: Solve for \( x \) To find \( x \): \[ x = \frac{2400}{4} = 600 \] ### Step 10: Calculate Grocery Expense Now, calculate the grocery expense: \[ 5x = 5 \times 600 = 3000 \] ### Step 11: Calculate Total Expenses Now, calculate the total expenses: \[ \text{Total Expenses} = 2400 + 3000 = 5400 \] ### Step 12: Set Up the Equation Since the total expenses equal the remaining salary after saving: \[ 5400 = 0.54S \] ### Step 13: Solve for \( S \) Now, solve for \( S \): \[ S = \frac{5400}{0.54} = 10000 \] ### Conclusion Ketan's monthly salary is ₹10,000. ---
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