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?
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?
Solution
Sure, let's break it down step by step:
-
Let's assume the total income of the person is 100 units (this could be in any currency but we'll use units for simplicity).
-
The person spends 16.66% of his income on house rent. So, the expenditure on rent = 16.66% of 100 = 16.66 units.
-
The remaining income after paying rent = 100 - 16.66 = 83.34 units.
-
The person spends 17% of the remaining income on clothes. So, the expenditure on clothes = 17% of 83.34 = 14.17 units.
-
The remaining income after buying clothes = 83.34 - 14.17 = 69.17 units.
-
The person spends 23% of the remaining income on food. So, the expenditure on food = 23% of 69.17 = 15.91 units.
-
The remaining income after buying food = 69.17 - 15.91 = 53.26 units.
-
The person spends 10% of the remaining income on education. So, the expenditure on education = 10% of 53.26 = 5.33 units.
-
The remaining income after education expenses = 53.26 - 5.33 = 47.93 units.
-
The total expenditure = expenditure on rent + expenditure on clothes + expenditure on food + expenditure on education = 16.66 + 14.17 + 15.91 + 5.33 = 52.07 units.
-
The ratio of total income to total expenditure = 100 : 52.07.
So, the ratio of the person's total income to total expenditure is 100 : 52.07.
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%
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?
Dianne spends 40% of her net income onrent and 15% of her net income on food. Ifshe spends a total of $1375 per month onrent and food, what is her net monthlyincome?
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).
Select the correct answerThe ratio of expenditure and savings of a person is 5 : 3. If the income increases by 20% and the expenditure increases by 10%, then the person’s savings increase by?Options3 1/3%36 2/3%13 1/3%30 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.