Kumar’s salary is ₹ 30,000 per month. He spends 25% of this on food and rent and 20% of the remaining on education. But he pays 5% of his total salary on paying the income tax and saves ₹ 8,000 after all these three deductions. What is the amount (in ₹.) available with him after his savings?
Explanation:
Amount spend on Food = 25% of 30,000 = 7,500 Amount remaining = Rs. 22,500
Amount spent on education = 20% of 22,500 = Rs. 4,500
Amount spent on income tax = 5% of 30,000 = Rs. 1,500
Savings = Rs. 8,000
Amount left after all deductions = 30,000 - 7,500 - 4,500 - 1,500 - 8,000 = Rs. 8,500
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