Q3 of 16 Page 98

Nikhil spent 5% of his monthly income on his children's education, invested 14% in shares, deposited 3% in a bank and used 40% for his daily expenses. He was left with a balance of Rs. 19,000. What was his income that month?

Let the monthly salary of Nikhil = Rs x


The following table gives the expenditure of Nikhil:



∴ Total expenditure = 5% + 14% + 3% + 40%


= 62%


Now, remaining salary = 100% - 62% of total salary


= 38% of total salary


= Rs 19,000 ( given)


∴ 38% of x = Rs 19,000


⇒


⇒


⇒ x = Rs 50,000



Hence, the monthly income of Nikhil = Rs 50,000.


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