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Question

# A man losses 20% of his money. After spending 25% of the remainder, he has Rs.480 left. What is the amount of money he originally had?

A
600
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B
620
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C
720
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D
800
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Solution

## Correct option is B.Let the initial/original amount be 100 units.Since, the man losses 20% of his money, therefore,Percentage of amount of money left with him =100%−20%=80%Hence, amount of money left with him 80% of 100 units =80100×100=80 unitsAmount spend of the remaining money =25% of 80 =25100×80=20 unitsHence, final amount of money left with him =80−20=60 unitsNow, according to the question,60 units =Rs.480∴1 unit =Rs.48060=Rs.8Hence, 100 units =Rs.8×100=Rs.800Hence, initial/original amount with the man is Rs.800

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