Question

Nikhil spent 5% of his monthly income on his children's education, invested 14% in shares, deposited 3% in a bank and used 40% for his daily expenses. He was left with a balance of Rs.19,000. What was his income that month?

Answer 1

$\Rightarrow$ Total Expenditure in $\%=5+14+3+40=62\%$

$\Rightarrow$ The percentage of balance left $=100-62=38\%$

$\Rightarrow$ As per question, $38\%$ of salary is equal to $19000$

$\therefore$ $\frac{38}{100}\times x=19000$ [Let income be $x.$]

$\Rightarrow$$38x=1900000$

$\Rightarrow x=\frac{1900000}{38}$

$\therefore x=50,000$

So the income of that man was $Rs.50,000$ that month.