Question

In a family of three people, the father earns Rs 1,80,000/month; mother earns Rs 40,000/month. Their younger child, who is studying in Germany gets a pocket money of Rs 12,000/month from his parents. Calculate the per capita income of the family?

• A. Rs 1,10,000
• B. Rs 73,333
• C. Rs 34,500
• D. Rs 2,20,000

Answer 1

The correct option is B Rs 73,333

Per capita income is the sum of all income sources, divided by the total number of people. Here the gross income of the family is = Rs (1,80,000+ 40,000) = Rs 2,20,000, the pocket money won't be added as it is an expense for the family. Then the per capita income of the family= Gross income / 3 (as the family has three members) = Rs 73,333.