A person saves 20% of his income. If his expenditure is ₹960, then his income (in ₹) is:

Correct option is C

Given:

Savings = 20% of income

Expenditure = ₹960

Solution:

If a person saves 20% of his income, then he spends 80% of it. Therefore, expenditure = 80% of income.

Income = $$\frac{960}{0.8}$$​ = ₹1200