Q2 of 16 Page 107

Mr. Shekhar spends 60% of his income. From the balance he donates Rs. 300 to an orphanage. He is then left with Rs. 3,200. What is his income?

Mr. Shekar’s income = Rs x


Amount spent = 60% of x =


Remaining balance =


Donation to an orphanage = Rs.300


Remaining balance = = Rs.3200



⇒ 2x =


x = Rs.8750


Income is Rs. 8750.


More from this chapter

All 16 →
1

Write the correct alternative answer for each of the following questions.

For different types of investments what is the maximum permissible amount under section 80C of income tax?

 1

Write the correct alternative answer for each of the following questions.

A person has earned his income during the financial year 2017-18. Then his assessment year is ....

 3

Mr. Hiralal invested Rs. 2,15,000 in a Mutual Fund. He got Rs. 3,05,000 after 2 years. Mr. Ramniklal invested Rs. 1,40,000 at 8% compound interest for 2 years in a bank. Find out the percent gain of each of them. Whose investment was more profitable?

 4

At the start of a year there were Rs. 24,000 in a savings account. After adding Rs. 56,000 to this the entire amount was invested in the bank at 7.5% compound interest. What will be the total amount after 3 years?