Question

Sonali invests 15% of her monthly salary in insurance policies. She spends 55% of her monthly salary in shopping and on household expenses. She saves the remaining amount of Rs. 12,750. What is Sonali’s monthly income?

• A. Rs. 42,500
• B. Rs. 38,800
• C. Rs. 40,000
• D. Rs. 35,500

Answer 1

The Correct Option is A

Let's denote Sonali's monthly income by \( x \). According to the problem:

• She invests 15% of her income in insurance policies.
• She spends 55% of her income on shopping and household expenses.
• Her savings amount to Rs. 12,750.

This implies she spends 15% + 55% = 70% of her income. Thus, her savings constitute the remaining 30% of her income.

The equation to represent her savings is:

\[ 0.30x = 12,750 \]

To find \( x \), we solve for it as follows:

\[ x = \frac{12,750}{0.30} \]

\[ x = 42,500 \]

Therefore, Sonali’s monthly income is Rs. 42,500.