Correct option is C
Given:
Monthly expenses = ₹58,000
Budgeted percentages:
Grocery = 20%
Electricity = 19%
Actual amount spent on Grocery and Electricity = ₹18,875
Formula Used:
Budgeted Amount =
Solution:
Budgeted Amount for Grocery = 20% of ₹58,000
Budgeted Amount for Electricity = 19% of ₹58,000
Total Budgeted for Grocery + Electricity
= ₹11,600 + ₹11,020 = ₹22,620
Actual Amount Spent = ₹18,875
Difference:
₹22,620 - ₹18,875 = ₹3,745
The difference is ₹3,745.
Thus, the correct option is (c) 3745