A person spends 84% of his income and saves the remaining amount. If he saves ₹8000 per month, what is his monthly income?

Correct option is C

Given:

Man expends his income = 84%

Saving of man = ₹8000

Solution:

Let the income of man be x

Then expenditure of man = 84% of x = 0.84x

Savings = x -0.84x = 0.16x

And 0.16x = 8000

x =$$\frac{8000}{0.16}$$ = ₹50000