Direction:- Answer the given set of questions based on following information. A's monthly salary is 60% more than that of B. Both B and A, out of their respective monthly salary, pay equal sum towards EMI. Out of remaining monthly salary, A and B, spend a certain amount towards House rent. Amount that B pays towards EMI is 20% of her monthly salary. Amount that A pays towards House rent is X' times of that she pays towards EMI. Find total savings of A if her expenditure on EMI and house rent is just half of total salary. Also, EMI expanse of B is Rs 30000. It is to be assumed that A and B had only two expanses from their salaries i.e. EMI, House rent.
- AOption (a)
Rs. 100000
- BOption (b)
Rs. 150000
- COption (c)
Rs. 125000
- DOption (d)
Rs. 120000
- EOption (e)
Rs. 122300
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Correct answer
Rs. 120000
Why this answer is correct
Let the salary of B be 500a Then the salary of A = 800a EMI paid by each of A and B = 100a House rent given by A = 100ax Given that, Total salary of A is expenditure on EMI and house rent is just half of total salary i.e. 100a + 100ax = 400a From this equation it is clear that, 400a will come when 100ax = 300a, therefore x = 3 Also, EMI expense of B = 30000 30000 ≡ 100a a = 300 so, monthly income of A = 800a = 800×30 = 240000 EMI expense of A =100a = 30000 House rent of A =100ax=3000×3 = 90000 So Total savings of A = 240000 – (90000 + 30000) = Rs. 120000