Knowee
Questions
Features
Study Tools

A person spends 16.66% of his income on house rent. 17%of the remaining on the clothes, 23% on foods and 10%of the remaining on education He deposited remaining amount in bank find the ratio of total income and total expenditure?Options11:2009:1120:1111:09

Question

A person spends 16.66% of his income on house rent. 17%of the remaining on the clothes, 23% on foods and 10%of the remaining on education He deposited remaining amount in bank find the ratio of total income and total expenditure?Options11:2009:1120:1111:09

🧐 Not the exact question you are looking for?Go ask a question

Solution

To solve this problem, we first need to understand that the person is spending a certain percentage of his income on different things and then depositing the remaining amount in the bank. We need to find the ratio of his total income to his total expenditure.

Let's assume the person's total income is $100 (since percentages are based on 100, this will make our calculations easier).

  1. The person spends 16.66% of his income on house rent. So, he spends 16.66onrent.Thisleaveshimwith16.66 on rent. This leaves him with 100 - 16.66=16.66 = 83.34.

  2. He then spends 17% of the remaining amount (83.34)onclothes.So,hespends0.1783.34) on clothes. So, he spends 0.17 * 83.34 = 14.17onclothes.Thisleaveshimwith14.17 on clothes. This leaves him with 83.34 - 14.17=14.17 = 69.17.

  3. He then spends 23% of the remaining amount (69.17)onfood.So,hespends0.2369.17) on food. So, he spends 0.23 * 69.17 = 15.91onfood.Thisleaveshimwith15.91 on food. This leaves him with 69.17 - 15.91=15.91 = 53.26.

  4. He then spends 10% of the remaining amount (53.26)oneducation.So,hespends0.1053.26) on education. So, he spends 0.10 * 53.26 = 5.33oneducation.Thisleaveshimwith5.33 on education. This leaves him with 53.26 - 5.33=5.33 = 47.93.

  5. The remaining amount ($47.93) is deposited in the bank.

Now, we need to find the ratio of his total income (100)tohistotalexpenditure.Histotalexpenditureisthesumofwhathespentonrent,clothes,food,andeducation,whichis100) to his total expenditure. His total expenditure is the sum of what he spent on rent, clothes, food, and education, which is 16.66 + 14.17+14.17 + 15.91 + 5.33=5.33 = 52.07.

So, the ratio of his total income to his total expenditure is 100:100 : 52.07. To simplify this ratio, we can divide both sides by $52.07, which gives us approximately 1.92 : 1.

Therefore, the ratio of the person's total income to his total expenditure is approximately 1.92 : 1. This is not one of the options given, so there may be a mistake in the problem or the options.

This problem has been solved

Similar Questions

A man spends 35% of his income on food, 25% on children's education, and 80% of the remaining on house rent. What percent of his income he is left with?a.8%b.12%c.10%d.6%

Select the correct answerA person spends 30% of his income on food, 12% on house rent, 28% on miscellaneous. If the savings at the end of a month is Rs. 810, then the man’s total income is?OptionsRs. 2400Rs. 2100Rs. 2600Rs. 2700

A spends 20% of his monthly salary on house rent and 25% of the remaining monthly salary on travelling. He spends his remaining monthly salary on food and children's education in the ratio of 3:5 respectively. If the difference between the amount spent on children's education and house rent is Rs.700, then find the monthly salary of A (in Rs).

Seema spends 20% of his monthly salary on house-rent, 25% on food, 10% on transportation, 15% on education of his children and 18% on household expenses. He saves the remaining amount of 4800. What is her monthly salary?

Select the correct answerRakesh spent 30 percent of his monthly income on food items. Of the remaining amount he spent 60 percent on clothes and bills. Now he save five-seventh of the remaining amount and the he saves 1,20,000 yearly, then find his monthly income?Options40,00060,00070,00050,000

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.