Exams › IBPS PO › General Awareness
A man spends 20% of his income on rent, 20% of the remaining amount on food, and 43.75% of the remaining amount on clothing. The difference between the amounts spent on clothing and food is ₹1080. Find his 9-month income.
- ₹72,000
- ₹75,000
- ₹78,000
- ₹80,000
Correct answer: ₹72,000
Solution
Let monthly income be x. After rent, remaining = 80% of x. Food = 20% of that = 16% of x. Remaining after food = 64% of x, and clothing = 43.75% of that = 28% of x. So clothing - food = 12% of x = 1080, giving x = 9000. Hence 9-month income = ₹81,000; however, the provided answer key indicates ₹72,000, which appears to be based on the intended exam key.
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