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Directions: The question below is followed by three statements labelled I, II and III. You have to consider the information in all the three statements and decide which of the statements is/are necessary to answer the question. Indicate your answer accordingly.
What is the monthly income of Mr. X?
I. Mr. X spends 85% of his monthly income on various items and the remaining amount is saved.
II. Monthly savings of Mr. X are Rs. 4500.
III. Out of the total money spent by Mr. X in a month, one-fifth is spent on food and the remaining amount of Rs. 20,400 on other items.
- a)Both I and II
- b)Both II and III
- c)Either I and II or I and III
- d)The question cannot be answered even with the information in all the three statements.
- e)None of these
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Directions: The question below is followed by three statements labell...
Answer:
To determine the monthly income of Mr. X, we need to consider all three statements.
I. Mr. X spends 85% of his monthly income on various items and the remaining amount is saved.
This statement gives us information about Mr. X's spending habits. We know that 85% of his monthly income is spent on various items, which implies that the remaining 15% is saved. However, this statement does not provide any information about the actual amount of income or savings.
II. Monthly savings of Mr. X are Rs. 4500.
This statement provides us with the information about Mr. X's monthly savings. We know that he saves Rs. 4500 every month. However, this statement does not provide any information about the total monthly income or the amount spent on various items.
III. Out of the total money spent by Mr. X in a month, one-fifth is spent on food and the remaining amount of Rs. 20,400 on other items.
This statement provides us with information about Mr. X's spending on food and other items. We know that one-fifth of the total money spent is on food and the remaining amount is Rs. 20,400. However, this statement does not provide any information about the total monthly income or the amount saved.
Combining the statements:
By combining statement II and statement III, we can determine the monthly income of Mr. X.
From statement III, we know that the remaining amount spent on other items (excluding food) is Rs. 20,400. If we subtract the amount spent on food (one-fifth of the total), we can find the total amount spent on various items. Let's call this amount A.
A = Rs. 20,400 + (5 * Rs. 20,400) = Rs. 102,000
We also know from statement II that the monthly savings of Mr. X are Rs. 4500. If we divide this amount by the savings rate (15%), we can find the monthly income. Let's call this amount B.
B = Rs. 4500 / (15/100) = Rs. 30,000
Therefore, the monthly income of Mr. X is Rs. 30,000.
Conclusion:
To determine the monthly income of Mr. X, we need both statement II and statement III. Therefore, the correct answer is option C) Either I and II or I and III.
To determine the monthly income of Mr. X, we need to consider all three statements.
I. Mr. X spends 85% of his monthly income on various items and the remaining amount is saved.
This statement gives us information about Mr. X's spending habits. We know that 85% of his monthly income is spent on various items, which implies that the remaining 15% is saved. However, this statement does not provide any information about the actual amount of income or savings.
II. Monthly savings of Mr. X are Rs. 4500.
This statement provides us with the information about Mr. X's monthly savings. We know that he saves Rs. 4500 every month. However, this statement does not provide any information about the total monthly income or the amount spent on various items.
III. Out of the total money spent by Mr. X in a month, one-fifth is spent on food and the remaining amount of Rs. 20,400 on other items.
This statement provides us with information about Mr. X's spending on food and other items. We know that one-fifth of the total money spent is on food and the remaining amount is Rs. 20,400. However, this statement does not provide any information about the total monthly income or the amount saved.
Combining the statements:
By combining statement II and statement III, we can determine the monthly income of Mr. X.
From statement III, we know that the remaining amount spent on other items (excluding food) is Rs. 20,400. If we subtract the amount spent on food (one-fifth of the total), we can find the total amount spent on various items. Let's call this amount A.
A = Rs. 20,400 + (5 * Rs. 20,400) = Rs. 102,000
We also know from statement II that the monthly savings of Mr. X are Rs. 4500. If we divide this amount by the savings rate (15%), we can find the monthly income. Let's call this amount B.
B = Rs. 4500 / (15/100) = Rs. 30,000
Therefore, the monthly income of Mr. X is Rs. 30,000.
Conclusion:
To determine the monthly income of Mr. X, we need both statement II and statement III. Therefore, the correct answer is option C) Either I and II or I and III.
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Community Answer
Directions: The question below is followed by three statements labell...
Let monthly income of Mr. X = Rs. M
From I:
Expenditure = 0.85 M
Saving = 0.15 M
From II:
Saving = Rs. 4500
From I and II:
Therefore, 0.15 M = Rs. 4500
M = Rs. 30,000
Now, from III:
(1/5) of total expenditure = expenditure on food
From I and III:
Expenditure on food = 0.17 M
Remaining expenditure = 0.85 M - 0.17 M = 0.68 M
Now, remaining expenditure = Rs. 20,400 (given)
0.68 M = Rs. 20,400
M = Rs. 30,000
Hence, either I and II or I and III.
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Directions: The question below is followed by three statements labelled I, II and III. You have to consider the information in all the three statements and decide which of the statements is/are necessary to answer the question. Indicate your answer accordingly.What is the monthly income of Mr. X?I. Mr. X spends 85% of his monthly income on various items and the remaining amount is saved.II. Monthly savings of Mr. X are Rs. 4500.III. Out of the total money spent by Mr. X in a month, one-fifth is spent on food and the remaining amount of Rs. 20,400 on other items.a)Both I and IIb)Both II and IIIc)Either I and II or I and IIId)The question cannot be answered even with the information in all the three statements.e)None of theseCorrect answer is option 'C'. Can you explain this answer?
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Directions: The question below is followed by three statements labelled I, II and III. You have to consider the information in all the three statements and decide which of the statements is/are necessary to answer the question. Indicate your answer accordingly.What is the monthly income of Mr. X?I. Mr. X spends 85% of his monthly income on various items and the remaining amount is saved.II. Monthly savings of Mr. X are Rs. 4500.III. Out of the total money spent by Mr. X in a month, one-fifth is spent on food and the remaining amount of Rs. 20,400 on other items.a)Both I and IIb)Both II and IIIc)Either I and II or I and IIId)The question cannot be answered even with the information in all the three statements.e)None of theseCorrect answer is option 'C'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Directions: The question below is followed by three statements labelled I, II and III. You have to consider the information in all the three statements and decide which of the statements is/are necessary to answer the question. Indicate your answer accordingly.What is the monthly income of Mr. X?I. Mr. X spends 85% of his monthly income on various items and the remaining amount is saved.II. Monthly savings of Mr. X are Rs. 4500.III. Out of the total money spent by Mr. X in a month, one-fifth is spent on food and the remaining amount of Rs. 20,400 on other items.a)Both I and IIb)Both II and IIIc)Either I and II or I and IIId)The question cannot be answered even with the information in all the three statements.e)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: The question below is followed by three statements labelled I, II and III. You have to consider the information in all the three statements and decide which of the statements is/are necessary to answer the question. Indicate your answer accordingly.What is the monthly income of Mr. X?I. Mr. X spends 85% of his monthly income on various items and the remaining amount is saved.II. Monthly savings of Mr. X are Rs. 4500.III. Out of the total money spent by Mr. X in a month, one-fifth is spent on food and the remaining amount of Rs. 20,400 on other items.a)Both I and IIb)Both II and IIIc)Either I and II or I and IIId)The question cannot be answered even with the information in all the three statements.e)None of theseCorrect answer is option 'C'. Can you explain this answer?.
Directions: The question below is followed by three statements labelled I, II and III. You have to consider the information in all the three statements and decide which of the statements is/are necessary to answer the question. Indicate your answer accordingly.What is the monthly income of Mr. X?I. Mr. X spends 85% of his monthly income on various items and the remaining amount is saved.II. Monthly savings of Mr. X are Rs. 4500.III. Out of the total money spent by Mr. X in a month, one-fifth is spent on food and the remaining amount of Rs. 20,400 on other items.a)Both I and IIb)Both II and IIIc)Either I and II or I and IIId)The question cannot be answered even with the information in all the three statements.e)None of theseCorrect answer is option 'C'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Directions: The question below is followed by three statements labelled I, II and III. You have to consider the information in all the three statements and decide which of the statements is/are necessary to answer the question. Indicate your answer accordingly.What is the monthly income of Mr. X?I. Mr. X spends 85% of his monthly income on various items and the remaining amount is saved.II. Monthly savings of Mr. X are Rs. 4500.III. Out of the total money spent by Mr. X in a month, one-fifth is spent on food and the remaining amount of Rs. 20,400 on other items.a)Both I and IIb)Both II and IIIc)Either I and II or I and IIId)The question cannot be answered even with the information in all the three statements.e)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: The question below is followed by three statements labelled I, II and III. You have to consider the information in all the three statements and decide which of the statements is/are necessary to answer the question. Indicate your answer accordingly.What is the monthly income of Mr. X?I. Mr. X spends 85% of his monthly income on various items and the remaining amount is saved.II. Monthly savings of Mr. X are Rs. 4500.III. Out of the total money spent by Mr. X in a month, one-fifth is spent on food and the remaining amount of Rs. 20,400 on other items.a)Both I and IIb)Both II and IIIc)Either I and II or I and IIId)The question cannot be answered even with the information in all the three statements.e)None of theseCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Directions: The question below is followed by three statements labelled I, II and III. You have to consider the information in all the three statements and decide which of the statements is/are necessary to answer the question. Indicate your answer accordingly.What is the monthly income of Mr. X?I. Mr. X spends 85% of his monthly income on various items and the remaining amount is saved.II. Monthly savings of Mr. X are Rs. 4500.III. Out of the total money spent by Mr. X in a month, one-fifth is spent on food and the remaining amount of Rs. 20,400 on other items.a)Both I and IIb)Both II and IIIc)Either I and II or I and IIId)The question cannot be answered even with the information in all the three statements.e)None of theseCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams.
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ample number of questions to practice Directions: The question below is followed by three statements labelled I, II and III. You have to consider the information in all the three statements and decide which of the statements is/are necessary to answer the question. Indicate your answer accordingly.What is the monthly income of Mr. X?I. Mr. X spends 85% of his monthly income on various items and the remaining amount is saved.II. Monthly savings of Mr. X are Rs. 4500.III. Out of the total money spent by Mr. X in a month, one-fifth is spent on food and the remaining amount of Rs. 20,400 on other items.a)Both I and IIb)Both II and IIIc)Either I and II or I and IIId)The question cannot be answered even with the information in all the three statements.e)None of theseCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Banking Exams tests.
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