If a man after spending 97% of his income, saves Rs.300 per month, his annual income is :A10000B12000C36000D120000
Question
If a man after spending 97% of his income, saves Rs.300 per month, his annual income is :
- A) 10000
- B) 12000
- C) 36000
- D) 120000
Solution
The man saves 3% of his income, which is Rs. 300 per month.
Step 1: Calculate the monthly income If 3% equals Rs. 300, then 1% equals Rs. 300/3 = Rs. 100. Therefore, his monthly income (100%) would be 100 * Rs. 100 = Rs. 10,000.
Step 2: Calculate the annual income His annual income would be Rs. 10,000 * 12 = Rs. 120,000.
So, the answer is D120000.
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