Question

A businessman makes 1 lakh of rupees every month, he pays 12% tax and puts 30% into a savings bank account. He also pays 10% of the amount as an installment for the loan. How much money is left with him?

• A. Rs. 48000
• B. Rs. 42000
• C. Rs. 64000
• D. Rs. 38000

Answer 1

The correct option is A

Rs. 48000

Total income = Rs. 100000

Deduction = 12% + 30% + 10% = 52%

Total Deduction = 42/100 $\times$ 100000 = Rs. 52000

Therefore, he is left with Rs.(100000 - 52000) = Rs. 48000