StreakPeaked· Practice

ExamsIBPS POGeneral Awareness

Bhaumik spends 30% of his monthly salary on rent and 15% on travelling expenses. He spends 35% of the remaining salary on food, and the rest is saved, which is ₹14,300. If his salary is increased by 10% but the expenses remain the same, how much will he save monthly?

  1. ₹17,200
  2. ₹18,300
  3. ₹15,500
  4. ₹24,000

Correct answer: ₹18,300

Solution

After rent and travel, 55% of the salary remains. Of this, 35% is spent on food, so savings are 65% of 55% = 35.75% of salary. Using ₹14,300 as 35.75% gives the original salary, and then a 10% increase with the same expenses yields savings of ₹18,300.

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