Ratio And Proportion Ques 36

Question-

Every month, Sunaina invests $30 \%$ of her monthly income in a gold scheme, and pays $15 \%$ as house rent. Out of the remaining monthly income, she spends on groceries and paying bills in the ratio of $5: 6$ respectively. If the amount spent on groceries in a year is Rs. 96,000 , what is the amount that she invests in gold scheme every month?

(1) Rs. 7500

(2) Rs. 8400

(3) Rs. 7200

(4) Rs. 10800

(5) Rs. 9600

(IBPS SO (IT Officer) CWE (Prelim Exam) 30.12.2017)

Show Answer

Correct Answer: (5)

Solution: (5)

Monthly expense on grocery $=\frac{96000}{12}=$ Rs. 8000

Grocery $:$ bills $=5: 6$

$\therefore$ Expense on bills payment $=$ Rs. $\left(\frac{6}{5} \times 8000\right)$ $=$ Rs. 9600

If the monthly income of Sunaina be Rs. $x$, then

Expense on grocery and bills payment $=$ Rs. $\frac{55}{100} x$

$\therefore \frac{55 x}{100}=9600+8000$

$\Rightarrow \frac{11 x}{20}=17600$

$\Rightarrow x=\frac{17600 \times 20}{11}=$ Rs. 32000

$\therefore$ Monthly investment in gold scheme $=$ Rs. $\left(\frac{32000 \times 30}{100}\right)= Rs. 9600$