Question

Mr. Shukla has a monthly salary of $₹22,500$. If he spends $₹18,750$ every month. Find:.

(i) his expenditure in percent

(ii) his savings as percent

(iii) his total savings in one year.

Answer 1

Here given that Mr. Shukla's monthly salary is $₹22,500$ and he spends $₹18,750$ every month

So his monthly savings is $₹22,500-₹18,750=₹3,750$

(i) To find his expenditure in percent

We have his expenditure as $₹18,750$ out of $₹22,500$

So, we have to convert it into percentage

i.e., $18750$ out of $22500$

So, $\frac{18750}{22500}\times 100=$$83\frac{1}{3}\%$

Hence, his expenditure is $83\frac{1}{3}\%$

(ii) To find his savings as percent

We have his savings as $₹3,750$ out of $₹22,500$

So, we have to convert it into percentage

i.e- $3750$ out of $22500$

So, Now, $\frac{3750}{22500}\times 100=$$16\frac{2}{3}\%$

Hence, his savings is $16\frac{2}{3}\%$

(iii) To find his total savings in one year.

his savings in one year =$3750\times 12=₹45,000$

Hence, his savings in one year is $₹45,000$.