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Ram spends 50% of his monthly income on household items, 20% of his monthly income on buying clothes, 5% of his monthly income on medicines and saves remaining Rs. 11,250 . What is Ram's monthly income? 0 30000 0 22000 0 35000 0 45000

Question

Ram spends 50% of his monthly income on household items, 20% of his monthly income on buying clothes, 5% of his monthly income on medicines and saves remaining Rs. 11,250 . What is Ram's monthly income? 0 30000 0 22000 0 35000 0 45000

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Solution

To solve this problem, we need to understand that the remaining money Ram saves is the remaining percentage of his income after spending on household items, clothes, and medicines.

  1. First, add up the percentages of his income that Ram spends: 50% (household items) + 20% (clothes) + 5% (medicines) = 75%.
  2. This means that the remaining money Ram saves, Rs. 11,250, is 25% of his total monthly income, because 100% (total income) - 75% (amount spent) = 25% (amount saved).
  3. To find out 100% of his income (which is the total monthly income), you can use the rule of three (cross-multiplication). If 25% equals Rs. 11,250, then 100% equals how much?
  4. Set up the equation: (25 / 100) = (11,250 / X) where X is Ram's total monthly income.
  5. Solve for X: X = (11,250 * 100) / 25 = Rs. 45,000.

So, Ram's monthly income is Rs. 45,000.

This problem has been solved

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