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A person who spends 80% of his monthly income is able to save ₹6,738 per month. His monthly expenses (in ₹) are:
Question

A person who spends 80% of his monthly income is able to save ₹6,738 per month. His monthly expenses (in ₹) are:

A.

26,925

B.

26,952

C.

26,921

D.

26,876

Correct option is B

Given:

Person saves ₹6,738 per month

Spending = 80% of income, therefore saving = 20% of income

Solution:

Let monthly income be x

Then, 20% of x = 6,738

=> x = 6,738 / 0.2 = ₹33,690

Monthly Expenses = 80% of ₹33,690 = ₹26,952

Monthly expenses = ₹26952.0

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