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Directions: Read the data carefully and answer the following questions.
Below tabular data shows monthly salary in hundreds with expenditure and savings of six persons. While preparing the data table a few pieces of data are missing.
(Note: total saving of all persons combined together = 48450)
Q. If salary of Jay and Krish increase by 10% and 15% respectively while expenditure on Miscellaneous items increased by 15% and 20% respectively and other remains the same then what is the difference of saving of Jay and Krish?
  • a)
    3745
  • b)
    3575
  • c)
    3850
  • d)
    3755
  • e)
    3865
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Directions: Read the data carefully and answer the following question...
Expenditure and Saving of Persons can be calculated as
Saving = (Salary - Total expenditure)
JAY:
Salary = 35000
Rent = 35000 x 18/100 = 6300
Grocery = 35000 x 36/100 = 12600
Miscellaneous = 7700
Saving = (35000 - (6300 + 12600 + 7700)) = 8400
Ram:
Salary = 45000
Grocery = 45000 x 28/100 = 12600
Miscellaneous = 14400
Saving = 12600
Rent = (45000 - (12600 + 14400 + 12600)) = 5400
Divya:
Salary = 42500
Rent = 42500 x 30/100 = 12750
Grocery = 42500 x 20/100 = 8500
Saving = 10200
Miscellaneous = (42500 - (12750 + 8500 + 10200)) = 11050
Kavita:
Salary = 30000
Grocery = 30000 x 36/100 = 10800
Miscellaneous = 6600
Saving = 7200
Rent = (30000 - (10800 + 6600 + 7200)) = 5400
Krish:
Salary = 28000
Rent = 28000 x 20/100 = 5600
Grocery = 28000 x 40/100 = 11200
Miscellaneous = 7000
Saving = 28000 - (5600 + 11200 + 7000) = 4200
Vijay:
Salary = 22500
Rent = 22500 x 20/100 = 4500
Miscellaneous = 8100
Saving = (48450 - (8400 + 12600 + 10200 + 7200 + 4200) = 5850
Grocery = (22500 - 4500 + 8100 + 5850 = 4050
Based on above data we gets following results:
Increased salary of Jay = 35000 x 110/100 = 38500
Increased Miscellaneous expenditure = 7700 x 115/100 = 8855
Savings of Jay = (38500 - (8855 + 6300 + 12600)) = 10745
Increased salary of Krish = 28000 x 115/100 = 32200
Increased Miscellaneous expenditure = 7000 x 120/100 = 8400
Savings of Krish = (32200 - (8400 + 5600 + 11200)) = 7000
Required difference = (10745 - 7000) = 3745
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Most Upvoted Answer
Directions: Read the data carefully and answer the following question...
Expenditure and Saving of Persons can be calculated as
Saving = (Salary - Total expenditure)
JAY:
Salary = 35000
Rent = 35000 x 18/100 = 6300
Grocery = 35000 x 36/100 = 12600
Miscellaneous = 7700
Saving = (35000 - (6300 + 12600 + 7700)) = 8400
Ram:
Salary = 45000
Grocery = 45000 x 28/100 = 12600
Miscellaneous = 14400
Saving = 12600
Rent = (45000 - (12600 + 14400 + 12600)) = 5400
Divya:
Salary = 42500
Rent = 42500 x 30/100 = 12750
Grocery = 42500 x 20/100 = 8500
Saving = 10200
Miscellaneous = (42500 - (12750 + 8500 + 10200)) = 11050
Kavita:
Salary = 30000
Grocery = 30000 x 36/100 = 10800
Miscellaneous = 6600
Saving = 7200
Rent = (30000 - (10800 + 6600 + 7200)) = 5400
Krish:
Salary = 28000
Rent = 28000 x 20/100 = 5600
Grocery = 28000 x 40/100 = 11200
Miscellaneous = 7000
Saving = 28000 - (5600 + 11200 + 7000) = 4200
Vijay:
Salary = 22500
Rent = 22500 x 20/100 = 4500
Miscellaneous = 8100
Saving = (48450 - (8400 + 12600 + 10200 + 7200 + 4200) = 5850
Grocery = (22500 - 4500 + 8100 + 5850 = 4050
Based on above data we gets following results:
Increased salary of Jay = 35000 x 110/100 = 38500
Increased Miscellaneous expenditure = 7700 x 115/100 = 8855
Savings of Jay = (38500 - (8855 + 6300 + 12600)) = 10745
Increased salary of Krish = 28000 x 115/100 = 32200
Increased Miscellaneous expenditure = 7000 x 120/100 = 8400
Savings of Krish = (32200 - (8400 + 5600 + 11200)) = 7000
Required difference = (10745 - 7000) = 3745
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Directions: Read the data carefully and answer the following questions.Below tabular data shows monthly salary in hundreds with expenditure and savings of six persons. While preparing the data table a few pieces of data are missing.(Note: total saving of all persons combined together = 48450)Q. If salary of Jay and Krish increase by 10% and 15% respectively while expenditure on Miscellaneous items increased by 15% and 20% respectively and other remains the same then what is the difference of saving of Jay and Krish?a)3745b)3575c)3850d)3755e)3865Correct answer is option 'A'. Can you explain this answer?
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