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A man spends 10%, 20%, and 30% of his salary on rent, groceries, and entertainment respectively. After that, he invests 25% of the remaining amount in fixed deposit and uses 20% of the remaining amount to pay his home loans. If he saves ₹14,400, then find his salary.
- 48000
- 45000
- 60000
- 72000
Correct answer: 60000
Solution
The man first spends 10% + 20% + 30% = 60% of his salary, leaving 40%. From this remaining amount, he invests 25%, leaving 75%, and then uses 20% of that, leaving 80%. So final savings = 40% × 75% × 80% = 24% of salary = 14400, giving salary = 60000.
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