The monthly income of Ramesh is ₹40,000. If Ramesh saves 40% of his monthly income, calculate his monthly expenditure.
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Solution
Given that Ramesh's monthly income is ₹40,000.
His saves 40% of his monthly income.
So, amount he saves monthly = 40100×₹40,000=₹16,000
So, his monthly expenditure = ₹40,000 - ₹16,000 = ₹24,000