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Suresh spends 23% of an amount of money on an insurance policy, 33% on food, 19% on children’s education and 16% on recreation. He deposits the remaining amount of Rs. 504 in bank.
Quantity I: Amount spend on food and insurance policy together
Quantity II: Amount spend on children’s education and recreation together
  • a)
    Quantity I > Quantity II
  • b)
    Quantity I < Quantity II
  • c)
    Quantity I ≥ Quantity II
  • d)
    Quantity I ≤ Quantity II
  • e)
    Quantity I = Quantity II or relation cannot be established
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Suresh spends 23% of an amount of money on an insurance policy, 33% on...
Total amount = x
Savings(%)
[100 – (23 + 33 + 19 + 16 )]% = 9 %
9% of x = 504
⇒ x = 504 * 100/9 = 5600
Amount spend on food and insurance policy together = 56% of 5600 = Rs.3136
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Suresh spends 23% of an amount of money on an insurance policy, 33% on...
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Suresh spends 23% of an amount of money on an insurance policy, 33% on food, 19% on children’s education and 16% on recreation. He deposits the remaining amount of Rs. 504 in bank.Quantity I: Amount spend on food and insurance policy togetherQuantity II: Amount spend on children’s education and recreation togethera)Quantity I > Quantity IIb)Quantity I < Quantity IIc)Quantity I ≥ Quantity IId)Quantity I ≤ Quantity IIe)Quantity I = Quantity II or relation cannot be establishedCorrect answer is option 'A'. Can you explain this answer?
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