Question

The monthly amount Mr. Z sends to his family forms what percent of his monthly savings?

• A. $5\%$
• B. $8\%$
• C. $15\%$
• D. $10\%$
• E. None of these

Answer 1

The correct option is D $10\%$

Z's monthly income $=Rs.\frac{1275000}{12}=Rs.106250$
Monthly Savings $=106250\times \frac{1}{5}=Rs.21250$
Monthly loan instalment $=(106250-21250)of\frac{15}{100}=Rs.12750$
Various monthly bills $=\frac{106250\times 24}{100}=Rs.25500$
Monthly household expenses $=Rs.\left(\frac{106250\times 42}{100}\right)=Rs.44625$
Monthly amount sent to family $=Rs.(106250-21250-12750-25500-44625)=Rs.2125$

Required percentage $=\frac{2125}{21250}\times 100=10\%$