Q7 of 16 Page 107

Total income of Ramesh, Suresh and Preeti is 8,07,000 rupees. The percentages of their expenses are 75%, 80% and 90% respectively. If the ratio of their savings is 16 : 17 : 12, then find the annual saving of each of them.

Let their savings be 16x,17x,12x


Saving = income – expenditures


Saving% = 100 – expenditure%


Hence saving are 25% ,20% , 10% respectively,


Saving % =


Their incomes are,



= Rs.807000


Then x = Rs. 3000


Hence saving are Rs. 48,000 , Rs. 51,000 , Rs. 36,000


More from this chapter

All 16 →
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?

 5

Mr. Manohar gave 20% part of his income to his elder son and 30% part to his younger son. He gave 10% of the balance as donation to a school. He still had Rs. 1,80,000 for himself. What was Mr. Manohar's income?

 6

Kailash used to spend 85% of his income. When his income increased by 36% his expenses also increased by 40% of his earlier expenses. How much percentage of his earning he saves now?

 8

Compute the income tax payable by following individuals.

i. Mr. Kadam who is 35 years old and has a taxable income of Rs. 13,35,000.


ii. Mr. Khan is 65 years of age and his taxable income is Rs. 4,50,000.


iii. Miss Varsha (Age 26 years) has a taxable income of Rs. 2,30,000.