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The expenses of a particular household fall under 4 broad headings, as shown below.
The overall monthly expenditure of the household is the sum of the individual expenditure on each head in the month. All figures in the graphs are in actuals.
The income of this household is constant at Rs. 10,000 per month. Any unspent amount is saved in this household.
 
Q.If the head of this household wants his average monthly savings to be 52% of his average m onthly income, by what percentage does he need to reduce his average monthly expenditure ? 
  • a)
    8.4 %
  • b)
    7.2 %
  • c)
    7.7 %
  • d)
    8%
  • e)
    6.9%
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
The expenses of a particular household fall under 4 broad headings, as...
Total savings (in Rs.) = 4850 + 4850 + 4900 + 4800 + 5000 + 4850 + 4850 + 4550 + 4750 + 4950 + 4600 + 4600 = 57550
The average monthly income is Rs. 10,000
Since the average saving shave to be come 52 % of the average monthly income, they should become Rs. 5,200 per month, and average monthly expenditure should become Rs. 4,800.
Current average monthly expenditure = 10000 - 4796 = Rs. 5204
Hence, option 3.
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The expenses of a particular household fall under 4 broad headings, as shown below.The overall monthly expenditure of the household is the sum of the individual expenditure on each head in the month. All figures in the graphs are in actuals.The income of this household is constant at Rs. 10,000 per month. Any unspent amount is saved in this household.Q.If the head of this household wants his average monthly savings to be 52%of his average m onthly income, by what percentage does he need to reduce his average monthly expenditure ?a)8.4 %b)7.2 %c)7.7 %d)8%e)6.9%Correct answer is option 'C'. Can you explain this answer?
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The expenses of a particular household fall under 4 broad headings, as shown below.The overall monthly expenditure of the household is the sum of the individual expenditure on each head in the month. All figures in the graphs are in actuals.The income of this household is constant at Rs. 10,000 per month. Any unspent amount is saved in this household.Q.If the head of this household wants his average monthly savings to be 52%of his average m onthly income, by what percentage does he need to reduce his average monthly expenditure ?a)8.4 %b)7.2 %c)7.7 %d)8%e)6.9%Correct answer is option 'C'. Can you explain this answer? for CAT 2025 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about The expenses of a particular household fall under 4 broad headings, as shown below.The overall monthly expenditure of the household is the sum of the individual expenditure on each head in the month. All figures in the graphs are in actuals.The income of this household is constant at Rs. 10,000 per month. Any unspent amount is saved in this household.Q.If the head of this household wants his average monthly savings to be 52%of his average m onthly income, by what percentage does he need to reduce his average monthly expenditure ?a)8.4 %b)7.2 %c)7.7 %d)8%e)6.9%Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The expenses of a particular household fall under 4 broad headings, as shown below.The overall monthly expenditure of the household is the sum of the individual expenditure on each head in the month. All figures in the graphs are in actuals.The income of this household is constant at Rs. 10,000 per month. Any unspent amount is saved in this household.Q.If the head of this household wants his average monthly savings to be 52%of his average m onthly income, by what percentage does he need to reduce his average monthly expenditure ?a)8.4 %b)7.2 %c)7.7 %d)8%e)6.9%Correct answer is option 'C'. Can you explain this answer?.
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