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The data given in the following table summarizes the monthly budget of an average household. Category | Amount (Rs.) Food | 4000 Clothing | 1200 Rent | 2000 Savings | 1500 Other expenses | 1800 The approximate percentage of the monthly budget not spent on savings is
- 10%
- 14%
- 81%
- 86%
Correct answer: 86%
Solution
The total monthly budget is 4000 + 1200 + 2000 + 1500 + 1800 = 10500. Savings are 1500, so the savings percentage is about 14.3%, and the percentage not spent on savings is about 85.7%, i.e. 86%.
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