Exams › IBPS PO › Quantitative Aptitude

Akash spends 5% of his monthly salary on rent and lends 35% to Vikas. Out of the remaining amount, he spends 30% on food and saves the rest. If his savings are ₹25,200, then what is Akash's monthly salary?

1. 40,000
2. 30,000
3. 50,000
4. 60,000

Correct answer: 60,000

Solution

After spending 5% on rent and lending 35%, Akash has 60% of his salary left. He spends 30% of that on food, so he saves 70% of 60%, i.e. 42% of his salary. Since 42% equals ₹25,200, the monthly salary is ₹60,000.

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