Anil spends 40% of his income on rent and 40% of the remaining income on medicines. If he saves ₹7,200 every month, then his monthly income is:
Given:
Rent expenditure = 40% of monthly income.
Medicine expenditure = 40% of remaining income after rent.
Savings = ₹7,200.
Solution:
Let Anil’s monthly income be ₹ 100x
Expenditure on rent = 40% of 100x = 40x
Remaining income after rent = 100x-40x = 60x
Expenditure on Medicines = 40% of 60x = 24x
Remaining Income overall = 100x- (40x+24x) = 36x
Savings is equal to remaining income after medicines:
36x = 7200
x = 200
Hence Anil’s monthly income = ₹ 100x = 100
English
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